February 10 – the Community Currency Exchange Association of Illinois (CCEA) submitted a petition to the Illinois Department of Financial & Professional Regulation (IDFPR) to increase the check cashing rate cap
March 10 – IDFPR accepted CCEA’s petition and the first hearing was scheduled
May 9 – Public hearing in Chicago on the industry’s petition to increase the maximum allowable rate that may be charged for check cashing
Woodstock Institute opposes the Illinois Department of Financial and Professional Regulation's (IDFPR) proposed across-the-board rate increase on check cashing fees, as requested by the currency exchange industry.
Please contact Jenna Severson at firstname.lastname@example.org or (312)368-0310 for more information.