Timeline: Currency Exchange Rate Increase
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
