This bill would limit the fee rates charged to customers who utilize check cashing stores. Check cashers profit from unbanked customers - those who do not use banks- charging excessive fees at rates that surpass 7% of the check. According to the Massachusetts Division of Banks Report on Check Cashers, the average customer pays over $750 a year in fees with an income of $26,000. The societal costs are even greater. Consumers lose a significant portion of their income, making money tight, and often seek taxpayer help from social service organizations and publicly-funded government programs that provide food and assistance to cover rent and utilities. Twenty-six states and the District of Columbia have established limits on fee rates (this is a refile of H.223).