Rotunda stated uninformed individuals usually confused pay day loan shops with check-cashing shops but that the distinctions had been clear.
вЂњCheck-cashing stores must have lots of cash on hand and make use of bulletproof glass to protect their employees,вЂќ he said. вЂњItвЂ™s a stark, cool environment. They have been if you have no bank relationship to cash checks, generate income transfers or energy re re payments.
вЂњWhat youвЂ™d get in certainly one of our shops is really a neighbor hood environment that is bank-like carpeting, teller windows, mahogany-type counters, seats and a candy meal, so we donвЂ™t offer any solutions apart from tiny, short-term loans to high-level clients.вЂќ