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Recently, Chicago Alderman Ed Burke introduced an ordinance in October aimed at curbing the emerging trend of so-called “no-cash” policies at local retail and restaurant businesses.
…while such policies allow businesses to “lessen staff training, security measures, and bookkeeping processes” they can be inherently discriminatory to those who are “low or fixed income, homeless, undocumented, young, or victims of identity theft.”
Now, one might argue that it seems the “Dean of the Chicago City Council” may agree.
"[n]o retail establishment offering goods and services for sale shall discriminate against a cash buyer by requiring the use of credit by a buyer in order to purchase such goods and services; and
retail establishments must accept legal tender when offered as payment by the buyer."
Why it’s important: Perhaps there is something to this line of thinking that scrap dealers can use in the fight to maintain the right to pay customers in cash.
…it seems that there remains a contingent of policymakers who still believe cash is king, or at least a preferred method of business that should not be restricted.
Interestingly, both Massachusetts and Illinois are among the few states left with minimal payment restrictions on scrap transactions.
What’s Next?
The ordinance was introduced at the Chicago City Council's October 11 meeting and was referred to the Committee on License and Consumer Protection where it sits awaiting action.
Contact: Danielle Waterfield, (202) 662-8516.
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