Statement on the Re-Introduction of the Payment Choice Act
June 16, 2023, Washington, D.C., – INFiN, a Financial Services Alliance, issued the following statement, attributable to executive director Ed D’Alessio, regarding the re-introduction of the Payment Choice Act (H.R. 4128 & S. 1984).
“The Payment Choice Act is a critical piece of legislation that, if enacted, will secure cash as a viable, equitable means of payment for those who value and choose it to conduct their financial transactions. Cashless policies disproportionately harm the unbanked and underbanked – including the elderly, communities of color, immigrants, low-income populations, and working-class communities – and now is the time for lawmakers to work across party lines to swiftly pass the Payment Choice Act in both chambers.
“We strongly believe that every American deserves the choice to make and receive payments by the means most convenient to them. INFiN applauds the efforts led by Rep. Donald Payne Jr. (D-N.J.) in the House of Representatives and Sen. Bob Menendez (D-N.J.) in the Senate, along with the bill’s bipartisan co-sponsors, to maintain accessible cash payment options for all U.S. consumers.”
INFiN, a Financial Services Alliance, is the leading national trade association representing the diverse and innovative consumer financial services industry. Formerly Financial Service Centers of America (FiSCA), INFiN members deliver critical products and services to meet U.S. consumers’ ever-evolving needs and expectations, enabling essential financial inclusion and stability. For more information, visit www.INFiNAlliance.org.