General Categories > Carry Issues
A Question for the Experts
Mudinyeri:
--- Quote from: Dan W on December 18, 2011, 06:05:21 PM ---Semper fi guy nailed it
banned places...
organization which is covered by federal deposit insurance; or a trust company;
how could this not mean FDIC?
--- End quote ---
Are you asking me? If so, re-read what I wrote. Federal Deposit Insurance is a program offered to federally-chartered banks but it does not make them a bank (or financial institution). There may be a correlation but it's not a causal relationship.
Moreover FDIC coverage is one of several qualifying criteria - not the only one. So, a "similar organization" (similar to the list of organizations preceding the 'similar' statement) that is covered by the FDIC is added to the list by the statement following the semi-colon.
bkoenig:
--- Quote from: NE Bull on December 18, 2011, 07:58:11 PM ---Whew! I hope so, I have been known to use one of these 'legal check floating' businesses (for gotta have purchases, well, such as guns, motorcycle, ;) ) I always felt 'nervous' walking in/out of there. I mean anybody whose anybody knows you are either walking IN with cash, or OUT with cash. And I know for a fact a couple here in Lincoln have been robbed before.
--- End quote ---
I know a guy who worked at one in college. He was pretty much always on edge expecting to be robbed. You're behind bulletproof glass but that doesn't mean they can't wait by the back door for a shift change.
OnTheFly:
If FDIC is one of several inclusive criteria defining an institution where CC is prohibited, then a check cashing business would not be considered such...IMHO. To have FDIC you must accept deposits, and these businesses are only loaning money.
On a side note, when I worked as a consumer credit counselor18 years ago, these types of "check cashing" businesses had a very hard time collecting on bad checks. The attorney (general, county, state?) would resist filing charges against people who wrote the checks. Normally when a check is written, the legal assumption is that the check is backed by funds in the account. However, the checks written for a loan were accepted knowing that there was not sufficient funds in the account. Not sure how/if that has changed over the years.
Fly
CitizenClark:
--- Quote from: OnTheFly on December 19, 2011, 08:48:42 AM ---On a side note, when I worked as a consumer credit counselor18 years ago, these types of "check cashing" businesses had a very hard time collecting on bad checks. The attorney (general, county, state?) would resist filing charges against people who wrote the checks. Normally when a check is written, the legal assumption is that the check is backed by funds in the account. However, the checks written for a loan were accepted knowing that there was not sufficient funds in the account. Not sure how/if that has changed over the years.
Fly
--- End quote ---
Yet another reason why they charge high interest at those places. They are making high-risk loans!
SemperFiGuy:
Lest We Stray Too Far From the Initial Operative Question............
Which appears to be: Can a CHP/CCW holder carry a concealed handgun in a check-cashing facility???
All information presented so far seems to indicate that concealed carrying is permitted at a check-cashing facility. [Unless they are otherwise properly posted NO CCW according to NSP recommendations.]
And--based on input from some of the later forum posts on this topic--probably a good idea.
sfg
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