STATEMENT BY JASON CARBALLO, PRESIDENT, FINANCIAL SERVICE CENTERS OF NEW YORK, REGARDING NYS “BACK TO SCHOOL” PAYMENTS TO RECIPIENTS OF PUBLIC ASSISTANCE OR FOOD STAMPS

“New York’s licensed check cashers are pleased to serve as a key delivery channel for the state as it distributes money to welfare and food stamp recipients through its one time “Back to School” program. It is important to note that recipients have
90 days to access their money through this program, as described by the Notice from the NYS Office of Temporary and Disability Assistance. (Click here to review that notice.)

“This is just one example of how federal, state and local governments can partner with the extensive network of check cashers located throughout the state to deliver essential financial services to key populations not always served by traditional banking institutions.”