Close

Check Cashers Provide a Vital Service

In your editorial regarding the zoning overhaul in Baltimore City (“Transforming Baltimore,” Oct. 29), you noted that it might be a good thing in some circumstances to subject zoning decisions to the political process rather than have clearly defined rules and processes. To support your contention, you cited an example of check cashing businesses having […]

Read More

Payday Loan Judgment is a Record for the FTC at 1.3 Billion

October 5, 2016 General Counsel News The Federal Trade Commission, in its first public remarks since a federal judge last week entered a $1.3 billion judgment against payday loan businessman Scott Tucker, called the penalty the largest of its kind, reports The Kansas City Star. The judgment against Tucker and related entities eclipses the FTC’s previous record judgment […]

Read More

The Financial Service Centers of America responds to the recently released report from the CFPB on Payday Lending and Deposit Advance Products:

“FiSCA continues to support ready access to simple, convenient and transparent short-term, small dollar credit by consumers facing financial shortfalls.  The CFPB report, which recognizes that demand exists for small dollar credit products and that these types of credit products can be helpful for consumers, raises concerns about payday loans and deposit advances.  We value […]

Read More

Check Cashers & BSA/AML Compliance Workshops Oct 20-23

Neil Goldstein, President of Chesapeake Compliance Consultants, will be co-presenting two workshops at the Financial Service Centers of America’s (FiSCA) 28th Annual Conference being held in National Harbor, MD on Oct 20-23, 2016.  One workshop is for operational issues of check cashers and the other is for BSA & AML compliance issues.

Read More