Check Casher License Application Public Comment Period

MA Div Banks News

Published December 2nd, 2025

Detected March 18th, 2026

Summary

The Massachusetts Division of Banks is opening a public comment period for Financial Services Company, Inc. d/b/a The Check Exchange's petition to operate as a check casher in Framingham. The comment period runs from December 12, 2025, to December 26, 2025.

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What changed

The Massachusetts Division of Banks has announced a public comment period regarding a petition from Financial Services Company, Inc. d/b/a The Check Exchange to operate as a check casher at 1255 Worcester Road, Suite 1259, Framingham, MA. This action is pursuant to Massachusetts General Laws chapter 169A.

Interested parties, including financial advisers and potentially other regulated entities, are invited to submit objections or comments to Deputy Commissioner Aimee Desai via email by December 26, 2025. This provides an opportunity to influence the licensing decision for this new check-cashing service in Framingham.

What to do next

Review the petition for Financial Services Company, Inc. d/b/a The Check Exchange.
Submit any objections or comments to the Division of Banks by December 26, 2025.

Source document (simplified)

offered by

- Division of Banks

News

Financial Services Company, Inc. d/b/a The Check Exchange, Worcester – permission to operate as a check casher at 1255 Worcester Road, Suite 1259, Framingham.

Comment period December 12, 2025 through December 26, 2025.

12/02/2025
- Division of Banks
- Office of Consumer Affairs and Business Regulation

Financial Services Company, Inc. d/b/a The Check Exchange, Worcester, Massachusetts has petitioned the Commissioner of Banks for permission to operate as a check casher at 1255 Worcester Road, Suite 1259 Framingham, Massachusetts, pursuant to Massachusetts General Laws chapter 169A. The Division of Banks is establishing a public comment period on this petition from Friday, December 12, 2025, through Friday, December 26, 2025. Any objections or comments concerning this proposal must be filed with the Division of Banks by Friday, December 26, 2025, via email to Deputy Commissioner Aimee Desai at Aimee.Desai@mass.gov. The petitioner's application and all communications relative to the application are available for public inspection upon request.

Mary L. Gallagher

Commissioner of Banks

Division of Banks

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.

Office of Consumer Affairs and Business Regulation

The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.