Illinois Department of Financial and Professional Regulation issues notice to currency exchange and money transmitter licensees

State Issues Illinois State Regulators Money Service / Money Transmitters Licensing Covid-19

On March 30, the Illinois Department of Financial and Professional Regulation (Department) issued a notice encouraging currency exchange and money transmitter licensees to provide the Department with advance notice of any changes to their usual business practices. The Department expects all licensees to act responsibly and proactively to address any consumer harm that may arise.