If the check cashing places offered loans at a competitive interest rate to banks, then I'd say good deal. Banks are in need of competition, but the fact that the check cashing places charge extremely high interest rates (usury) is a problem for me. If the Check Cashing businesses had self-regulated themselves and offered lower interest rate loans, they would most likely still be operating in North Carolina. Everyone has the right to make a profit, but at 400%+ interest? No. But, as in many things, GREED took over and as a result they now have NOTHING.