I had never seen these businesses before I moved to Chicago. Cash transfers are everywhere in Rogers Park. A large percentage of wages made in Chicago are sent back to families in Mexico and South America. I understand this is a huge source of cash for Mexico, and that the current downturn has choked off many of the transfers.
These businesses aren't regulated as closely as banks, and I always suspect that they take advantage of low income workers, especially the undocumented. Not sure this one can get any more signs on this building.
These businesses aren't regulated as closely as banks, and I always suspect that they take advantage of low income workers, especially the undocumented. Not sure this one can get any more signs on this building.
I had never seen currency exchanges until I moved to Chicago (from Cleveland, Ohio). Seemed like there was one on every block. I was told it was because way back when, Illinois prohibited branch banking -- there were no ATM's from which to get your cash.
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