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Consumer Law

: Caveat Emptor

Check cashing, payday lending, and the rise of the alternative banking industry

By Nick Slade

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I just read the NYT Magazine article Check Cashers, Redeemed on the rise of the alternate financial industry and would highly recommend it. The article looks at the recent rise of alternative banking through Nix Check Cashing, which is now owned by Kinecta Federal Credit Union. It is interesting because Kinecta is trying to integrate Nix [...]

Full post as published by Caveat Emptor on November 18, 2008 (boomark / email).

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Wachovia to pay up to $125 million settlement in check cashing lawsuit.

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