Which of the following is NOT listed as a service offered by Money Service Businesses (MSBs)?

• A. Money Orders
• B. Credit Counseling
• C. Stored Value
• D. Check Cashing

Answer: (B)

MSBs are defined by their role in moving money or providing monetary instruments, not by offering general financial advice. The services that clearly fit this category involve handling and transferring value: money orders are prepaid instruments sold by MSBs, stored value covers prepaid access like cards or digital wallets, and check cashing converts checks into cash. Credit counseling, while a helpful financial service, does not involve issuing or selling monetary instruments or facilitating the transfer of funds, so it isn’t listed as an MSB service. Understanding this distinction helps explain why credit counseling isn’t considered an MSB offering, even though it’s part of the broader financial services landscape.