Currency Exchange Services May Increase With New Proposal

By Andy Dahn, CBS 2

A state panel is considering a proposal that would make currency exchange services more expensive for Illinois residents, and that isn’t sitting well with some.

“The department’s proposal would impose double digit rate increases across the board. All types of checks, all check amounts,” said Brent Adams is Senior Vice President of Policy for the Woodstock Institute.

That proposal, being considered by the Illinois Department of Financial and Professional Regulation, would impact cashing checks or paying bills with the currency exchange.State Senator Jacqueline Collins called it “outrageous.” 

 

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