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San Francisco board advances legal-tender ordinance requiring businesses to accept cash
Summary
The San Francisco Board of Supervisors advanced an ordinance on first reading that would require brick-and-mortar businesses to accept cash for purchases, a measure proponents say protects residents who are unbanked or rely on cash.
The San Francisco Board of Supervisors voted to pass on first reading an ordinance requiring most brick-and-mortar businesses to accept cash for purchases.
Supporters said the measure addresses exclusion of residents who do not have bank accounts or who rely on cash. Supervisor Brown, the ordinance sponsor, told the board that local studies show sizable portions of African American and Latino households lack bank access…
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