According to the latest figures from the Federal Deposit Insurance Corp., almost 6 million U.S. households were “unbanked” as of 2023. That means that no one in the household has a checking or savings ...

A judge on Monday sentenced David A. Katz, the president and general manager of his parents’ check-cashing business, to four years in federal prison for fueling what prosecutors called a tax evasion ...

Check-cashing services offer quick access to funds for individuals who do not have traditional bank accounts, typically through storefronts or retail locations. These services typically charge high ...