Government Report Highlights Disproportionate Impact on Vulnerable Families October 1, 2024 A new report from the U.S. Consumer Financial Protection Bureau (CFPB) reveals that the shift to cashless payment systems in school cafeterias has had an unintended consequence: increased costs for lower-income families. As more schools transition to cashless systems, many districts have partnered with Read more about School Cafeterias Go Cashless, but Low-Income Families Pay More[…]

Largest Card Network Faces Allegations of Anti-Competitive Practices September 25, 2024 The U.S. Department of Justice filed a sweeping antitrust lawsuit against Visa on September 24th, accusing the debit-card giant of stifling competition. The suit seeks to open the market to new competitors and challenges Visa’s alleged efforts to monopolize the debit-card sector. According to Read more about Justice Department Sues Visa[…]

The U.S. Mint is taking steps to alleviate coin shortages caused by the COVID-19 pandemic. In the second half of 2020, the Mint expects production increases to 1.35 billion coins per month that would add up to a projected total of 14.2 billion coins produced in 2020 according to Statista. In June, the Federal Reserve Read more about US Mint to Increase Coin Production[…]

Temporary Coin Shortages Expected to Fade as Businesses Reopen June 23, 2020 05:34 PM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–In testimony before a House Congressional Committee last week, Federal Reserve Chairman Jerome Powell said that we may see spot coin shortages around the country as a result of the state economic shutdowns that began in March Read more about Coronavirus Impacts Flow of Money[…]

Penny popularity comes at a time when stores are experimenting with cashless payment. More than two-thirds of Americans (68%) want to keep the penny, according to a poll released by Americans for Common Cents (ACC). (Graphic: Business Wire) April 25, 2019 07:29 AM Eastern Daylight Time WASHINGTON–(BUSINESS WIRE)–Over two-thirds of Americans (68%) want to keep Read more about Strong Support for the Penny in Recent Poll[…]

Fails to Capture Costs Associated with Eliminating the Penny A Government Accountability Office (GAO) Congressional advisory report released on March 21 incorrectly estimates the budgetary impact from changing U.S. currency. The Senate Budget Committee asked the GAO to examine three issues: 1) the benefit to the government of replacing the $1 dollar note with a Read more about GAO Issues Flawed Report on Changes to US Currency[…]

President’s Day gives us the chance – at least once a year – to recognize Abraham Lincoln’s immense contributions to the country and a legacy that continues to enrich us daily. President Lincoln is a unique cultural and historical figure,” said Mark Weller, Executive Director of Americans for Common Cents. “It’s not just that the Read more about President’s Day – A Time to Celebrate Abraham Lincoln and Cheaper Pennies[…]

Poll Shows Americans Concerned About Costly Price Rounding System If Penny Is Eliminated WASHINGTON–(BUSINESS WIRE)–A poll released today by Americans for Common Cents (ACC) shows overwhelming support for the penny by the American public. Over two-thirds (67%) of those surveyed favored keeping the penny in circulation. “Americans understand that eliminating the penny would lead to Read more about Americans For Common Cents: 66% of Americans Favor Keeping the Penny[…]

Press Release Contact: Mark Weller (202) 408-3933 For Immediate Release:  February 11, 2010 The U.S. Mint unveiled the new 2010 Lincoln penny design during a Springfield, Illinois ceremony on February 11.  The reverse design features a Union shield emblematic of President Lincoln’s preservation of the United States.  The shield includes 13 vertical stripes representing the Read more about Lincoln Penny Design for 2010 and Beyond[…]

Press Release                                                                                                Contact: Mark Weller (202) 408-3933 For Immediate Release:  November 12, 2009  “The 200th birthday of President Lincoln gives Americans the welcome opportunity to recognize his immense contributions to the country and a legacy that continues to enrich us daily,” said Mark W. Weller, Executive Director of Americans for Common Cents (ACC). In examining Read more about Celebrating Lincoln and the Penny on his 200th Birthday[…]