Robert Reed: How Bank of America and Illinois are cashing in by squeezing the poor
by Robert Reed, Chicago Tribune
Jan 25, 2018
3 minutes
CHICAGO - If you're poor and have to write or cash checks, life got tougher this week, thanks to Bank of America and the state of Illinois.
The two entities are out to boost the fees many low-income people pay for using personal and government-backed drafts, including benefit checks.
Bank of America is ending a free customer checking account that doesn't require a minimum balance. Gov. Bruce Rauner's administration is inching closer to implementing higher check-cashing fees for currency exchanges, which are often
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