Los Angeles City Councilwoman has put forth a motion aimed at prohibiting cashless retail businesses within the city. The goal is to empower residents who may not have access to bank accounts or credit.
In her statement, Hutt expressed concern that cashless businesses create an economy that excludes certain groups of people. She emphasized the reliance on cash by many individuals who are unbanked.
Hutt further stated that as a city that promotes safety and fairness for all, it is crucial to take proactive measures to ensure fairness and equity for every individual.
The motion put forth by Hutt emphasizes the city’s encouragement for residents to participate in the economic development through the purchase of goods and services. However, it highlights the fact that millions of Americans lack bank accounts or access to credit, thus preventing them from engaging in consumer transactions that require cash.
The motion argues that not accepting cash payments systematically marginalizes low-income communities of color, young people who don’t meet the age requirements for credit or debit cards, and seniors who haven’t adopted card or digital payment methods.
If approved by the L.A. City Council, the motion will prompt the city attorney’s office to draft and present an ordinance that bans cashless retail businesses in Los Angeles.
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