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Check cashing fee changes more tightly regulated under new law

Collins080318Collins’ new law requires consideration for consumers

SPRINGFIELD – Regulators will be required to consider the impact on consumers and protected classes of citizens whenever making future rate changes to check cashing services under a new law by State Senator Jacqueline Collins which was signed today.

Check cashing services are often the only option available to the unbanked – those who don’t have access to a bank account due to factors like poverty or unstable work. For people living paycheck to paycheck, an initial deposit for a bank account might not be possible, or even physically reaching a banking institution might not be plausible. For them, the only option is often a check cashing service, which draws a fee. The check cashing industry had called for an increase in those fees.

Earlier this year, State Senator Jacqueline Collins (D-Chicago) worked alongside consumer advocates to reach a regulatory compromise in the wake of a proposal from the Illinois Department of Financial and Professional Regulation (IDFPR) which prevented an across-the-board increase in the rates of check cashing services and lowered the rate on cashing government assistance checks.

The new law signed today mandates that regulators must consider the potential impact on protected classes of citizens in the event they set new rates going forward.

“This is a service used almost exclusively by those who don’t have access to a bank account for a variety of reasons, and whose income has been virtually stagnant since the recession,” Collins said. “These changes fall the hardest on those with the least. After seeing this pass the Senate without opposition, I’m gratified to see it become law.”

The legislation was Senate Bill 2433. It takes effect June 1, 2019.

Hastings passes law to prioritize child safety

800px Rear facing triviaTINLEY PARK—Starting Jan. 1, 2019, Illinois law will require children under the age of two to be properly secured in a rear-facing child restraint seat.
The measure, sponsored by State Sen. Michael E. Hastings (D-Tinley Park) was signed into law Friday.


“Public safety is our number one priority as lawmakers and this measure will ensure our children are safe should disaster strike,” Hastings said.

A 2007 study in the Injury Prevention Journal found that children under age two are 75 percent less likely to die or to be severely injured in a crash if they are in rear-facing seats.

House Bill 4377 requires anyone transporting a child under two years old to secure the child in a rear-facing seat unless the child weighs 40 or more pounds or is more than 40 inches tall.


“One life lost is too many,” Hastings said. “We have solid evidence that will help us save lives. It’s our job as parents to utilize best practices and protect the lives of our children.”


The American Academy of Pediatrics states rear-facing child safety seats give better support to the head, neck and spine of infants by distributing the force of the collision over the entire body.

House Bill 4377 passed the Senate and House with bipartisan support.

Castro’s new law gives children access to their medicine on school grounds

Ashley's Law

ELGIN – Illinois children who are qualified medical cannabis patients will now have access to their medicine on school grounds thanks to Elgin Democrat, State Senator Cristina Castro.

Castro’s bipartisan initiative creates "Ashley's Law” which allows for the administration of medical cannabis-infused products on school premises. It was signed into law Wednesday.

“Children shouldn’t have to choose between their medication and their education,” Castro said. Qualified patients have the right to have access to their medicine no matter where they are. I’m happy to see this measure signed into law.”