New York City last week joined the parade of local communities banning retail stores from refusing to accept cash as payment when the City Council approved a local ban on cashless businesses by a lopsided vote of 43 – 3. The ordinance, which will take effect 90 days after Mayor Bill de Blasio who supported the legislation signs it, provides for civil penalties of $1,000 for a first violation and $1,500 for subsequent violations. Businesses that have a way to convert cash into cards, such as laundromats, are exempt but they may not impose a fee for the cards (which cannot expire) nor require a minimum deposit of more than $1. Finally, the law provides that food and retail businesses are not required to accept bills larger than $20. New York joins other cities, Philadelphia and San Francisco as well as the states of New Jersey and Massachusetts in banning cashless businesses.