Banks plead for federal guidance as penny shortage spreads
Banks plead for federal guidance as penny shortage spreads
- November 20, 2025
- Bill Maurer, anthropology, law and IMTFI, American Banker, Nov. 20, 2025
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The U.S. Mint may have celebrated the end of the one-cent coin last week, but experts say the penny crisis is just beginning. ... "It's still a train wreck," said Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine. "I think now it is becoming more apparent to people, because it's spreading around the country, and it's hitting more and more stores." ... "In other countries that have done this … they always roll out giant public education campaigns ahead of time," Maurer said. "The United States did not really do anything."
For the full story, please visit https://www.americanbanker.com/payments/news/banks-plead-for-federal-guidance-as-penny-shortage-spreads.
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