Check cashing stores could shutter in the Bronx following state proposal to slash fees

For many Bronx residents, check cashing stores are a lifeline — the stores are how they pay bills and also access money to financially provide for family in their native countries. However, a proposed regulation by the New York State Department of Financial Services (DFS) would decrease fees charged by check cashing institutions that could cause many … Continue reading Check cashing stores could shutter in the Bronx following state proposal to slash fees