Specifically, the paper focuses on four developments that may radically alter the check-cashing industry over the coming decade: the growing use of electronic payments, the deployment of automated check-cashing machines, the rise of payday lending, and the development of "bank/CCO hybrids."
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Check-Cashing Outlets in a Changing Financial System
February 2002
WP 02-04 – This paper discusses changes in the financial sector that threaten traditional check-cashing outlets (CCOs).