The Financial Service Centers of America (FiSCA) is a professional trade
association representing the financial service center industry serving
communities throughout the country. More than 35 million Americans visit
our member locations each year in addition to or instead of traditional
financial institutions and receive a wide array of financial services -
regardless of income, liquidity, or credit history. FiSCA was originally
established in 1987 as the National Check Cashers Association (NaCCA),
changing its name in 1999 to reflect the industry’s evolution.
FiSCA’s activities on behalf of our members include:|
- Advocating industry positions before federal, state and
municipal lawmakers and regulators.
- Supporting the development
of innovative new products and services to meet consumer
- Providing state-of-the-art compliance training programs
for the industry.
- Hosting the industry’s largest Annual
- Promoting a national Code of Conduct that outlines
ethical standards to protect customers.
- Sponsoring an annual
scholarship program for Americans pursuing post-secondary
- Encouraging and recognizing members for outstanding
Principles of Choice in Receiving Government
All Americans should have the choice of receiving their payments by the
means that is most convenient for them, including paper check.
Payday Advance Loans offer consumers a
more desirable alternative to other credit options. Payday advance
loans are small, short-term cash advances, which are a popular source of
credit for Americans. Payday advances help customers, who often
are living paycheck to paycheck, bridge the need for small dollar,
short-term credit when other options are limited, too expensive or
Service Centers provide transparency in all consumer transactions.
Customers know the costs of their transactions up front and can plan
accordingly. No hidden fees or surprises follow at the end of the month.
This affords consumers tremendous peace of mind.
Contrary to popular belief, financial
service centers are among the most highly regulated of all consumer
financial service providers. Consumer complaints regarding FSCs are
virtually non-existent. FiSCA has developed detailed Best
Practices and Codes of Conduct that govern its members operations and
offering of credit.
For millions of
“unbanked” and “underbanked” Americans, the
cash-based approach to managing personal financial transactions makes
the most sense. Financial service centers provide the cash-based
products and services that best meet their needs and the peace of mind
of knowing their obligations have been met without fear of future
Excessive regulatory burdens on banks threaten
the MSB Industry and Access to Financial Services for Millions of
Americans, Necessitating a Legislative Solution.
Giving back to local communities,
helping promote America’s young scholars.
In 1999, FiSCA established its National Scholarship Program. Every year,
more than 1,000 students from across the country compete for these