New York City votes to BAN cashless businesses because it is 'elitist' and 12% of residents don't have bank accounts
New York City has voted to ban cashless businesses because it is 'elitist' and 12 per cent of the city's residents don't have bank accounts.
The City Council passed a bill Thursday afternoon that will make cashless-only policies illegal across the city and hit businesses with hefty fines of $1,000 to $1,500 if they fail to accept cash payments from customers.
Lawmakers approved the legislation, first introduced by Council member Ritchie Torres in November 2018, by a 43-3 margin.
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The City Council passed a bill Thursday afternoon that will make cashless-only policies illegal across the city and hit businesses with hefty fines of $1,000 to $1,500 if they fail to accept cash payments from customers.
Lawmakers approved the legislation, first introduced by Council member Ritchie Torres in November 2018, by a 43-3 margin.
More
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