House approves Rep. Robert Garcia’s bill making major changes to loose change
House approves Rep. Robert Garcia’s bill making major changes to loose change
- July 15, 2026
- Bill Maurer, anthropology and law, shares perspective with The Orange County Register
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Bill Maurer, dean of the School of Social Sciences at UC Irvine, said last year that removing the penny would harm those who don’t use bank cards or digital payment options. A key concern, Maurer said, is that when retailers round up charges to the nearest nickel, it doesn’t hurt those who have money. But over time, that change hurts poor, unbanked and underbanked customers, said Maurer, the director of UCI’s Institute for Money, Technology and Financial Inclusion.
For the full story, please visit The Orange County Register.
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