Statement by DFS Superintendent Adrienne A. Harris on Decision Upholding Modernized Check Cashing Regulation
December 08, 2023
December 08, 2023
ALBANY, New York, Dec. 8 -- The New York State Department of Financial Services issued the following statement on Dec. 7, 2023:
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"Today's decision is a win for New Yorkers who depend on check cashers to access their money.
"DFS's updated check cashing regulation adopted earlier this year replaced an outdated methodology that granted annual, automatic, CPI-based fee increases to check cashers.
"The new methodology which has b . . .
* * *
"Today's decision is a win for New Yorkers who depend on check cashers to access their money.
"DFS's updated check cashing regulation adopted earlier this year replaced an outdated methodology that granted annual, automatic, CPI-based fee increases to check cashers.
"The new methodology which has b . . .