Illinois State Treasurer’s Office News Releases
Secretary of State Jesse White and Treasurer Michael Frerichs Announce E-Check Payment Processor Fee Waived Through August 2, 2020
In an effort to further encourage online transactions with the Secretary of State’s office at waive the payment processor fee associated with e- checks through August 2, 2020. White and Frerichs successfully partnered with National Cash Register (NCR) – the Treasurer’s approved payment processor company – to remove the e-check payment processing fee for three months. This e-Check payment processor fee will be waived for the following online services: • renewing a vehicle registration; • obtaining a duplicate driver’s license or ID card; and • renewing a driver’s license with…
State Treasurer Frerichs Increases to $500 Million the Amount of Money Available to Small Businesses for Bridge Loans During COVID-19
SPRINGFIELD — The Illinois State Treasurer’s Office today announced it is increasing to $500 million the amount of money available to small businesses for low-interest bridge loans to help employers navigate the COVID-19 pandemic. Illinois State Treasurer Michael Frerichs made the decision because nearly all of the initial $250 million he made available in March has already been committed to financial institutions throughout the state. Frerichs has the sole authority to make the money available through the linked deposit program, which has been a core function of the Illinois Treasurer’s…