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Regulators Hope to Launch Check-Cashing Database in 2014

Thursday, June 13, 2013 | 0

By Michael Whiteley, Eastern Bureau ChiefThe Florida Office of Financial Regulation is working to launch by the end of 2014 a new database designed to identify construction subcontractors who are skirting workers' compensation laws by laundering their payrolls through check-cashing houses.Drew J. Breakspear, OFR commissioner, said in an interview Wednesday that his agency plans to issue a request-for-quotations for a vendor to create a "real-time" database to collect information from the state's 1,133 check-cashing houses by next September.He said his agency will depend on the vendor t...

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