Illinois State Treasurer’s Office News Releases

SPRINGFIELD — “Instead of siding with Illinois consumers, Governor Bruce Rauner today chose to protect the big banks who admit to deceiving consumers to make money from dormancy or inactivity fees,” Frerichs said. “If a company promises a $100 rebate, then that’s the amount the consumer should receive. It’s disappointing that Governor Rauner disagrees.” “House Bill 4922 is common-sense legislation to make sure consumers get all the money that is owed to them, and I will work with the sponsors of both the House and Senate to override this veto.”…

SPRINGFIELD — A record-breaking $180 million in forgotten cash and stock was returned to individuals, employers and non-profits by the state treasurer’s office this past fiscal year, Illinois Treasurer Michael Frerichs said today. It is the largest amount in the program’s 57-year history. More than 116,000 claims were fulfilled with an average value of $1,552 during Fiscal Year 2018, which is July 1, 2017 to June 30, 2018. Approximately 58,000 claims were fulfilled in Fiscal Year 2017. The new Fast Track and EClaiming processes unveiled earlier this year made claiming…