LA City Council moves to ban cashless retail business

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LOS ANGELES (CNS) — Los Angeles took a step toward banning cashless retail businesses Tuesday, as the City Council instructed staff to prepare a report examining cashless policies in other cities and providing recommendations for a similar policy here. The council voted 13-0, with council members Marqueece Harris-Dawson and Nithya Raman absent during the vote, for a motion instructing the chief legislative analyst to work with the city attorney on the policy. Councilwoman Heather Hutt introduced the motion on Aug. 15, seeking to “empower” all residents to participate in the city’s economic life and to purchase goods and services. She said many Angelenos —-especially low-income residents — are denied access to credit or are unable to obtain bank accounts. “Others may not be able to participate in the formal banking system, or may be excluded from that system against their will. … barring the use of cash as a payment method means excluding too many people,” the motion reads. According to a 2017 report from the Federal Deposit Insurance Corporation, 17% of all African-American households and 14% of Latino households in the U.S. had no bank account. Hutt also noted that young people, the elderly and other vulnerable groups such...