ATTENTION ALL CHECK CASHERS!! In a letter dated April 14, 2016 to the MAFSC, a representative of the DLLR stated the following: “Clearly, the Licensee must send a notice of dishonor no less than 10 days after the dishonor in order to collect a $35 collection fee. The Commissioner has taken the position that pursuant…

Overdraft fees still generate confusion BY THE NEW YORK TIMES ON JULY 01, 2014 It has been nearly four years since rules went into effect to clarify when banks may charge you penalties if you overdraw your checking account using your debit card. But many people remain confused about overdraft fees, a new report finds.…

Mandatory Payroll Card Use Prompts U.S. Consumer Bureau Warning BY CARTER DOUGHERTY ON SEPTEMBER 12, 2013 The U.S. Consumer Financial Protection Bureau today said it will police employer usage of payroll cards to ensure workers don’t face hidden fees or other abuses. “The bureau intends to use its enforcement authority to stop violations before they…