INFiN Statement on Proposed Elimination of Paper Checks

April 30, 2026 – INFiN, a Financial Services Alliance, issued the following statement regarding the U.S. Department of the Treasury Bureau of Fiscal Service proposed rulemaking to eliminate the use of paper checks for federal payments, as initiated by Executive Order 14247, “Modernizing Payments To and From America's Bank Account”:

“INFiN rejects this proposal’s intent because it will harm millions of unbanked and underbanked Americans, and others who lack access to financial institutions and to reliable broadband and electronic means of conducting financial services. Without the option of paper checks, these hardworking family members, friends, and neighbors – especially older Americans, those in more rural, remote areas, and those that exist in banking deserts – will find themselves further at risk of falling through the cracks financially, unable to access their money. Much of the motivation behind the elimination of paper checks is the avoidance of fraud; but eliminating fraud at the expense of those who most need ready access to their funds punishes the wrong people.

“As INFiN prepares its comment letter in response to this proposal, we will continue to advocate for preserving sensible waivers to protect Americans’ access to federal payments. This proposal’s changes to existing waivers stand to further hurt those already subjected to recent, abrupt changes in federal payments, with limited public education or communication.

“We will also continue to make the case for reasonable alternative delivery methods, including in partnership with retail consumer financial services providers. Our members welcome the opportunity to partner with the government to design solutions to ensure Americans can choose the payment method that works best for them while advancing our shared goals of combating financial fraud and enabling more efficient payments.”