Michigan Senate Bill SB0283

Michigan 2023-2024 Regular Session

• Introduced: 4/20/23
• Refer: 4/20/23

Caption

Consumer protection: unfair trade practices; refusing to accept cash in a retail sale of goods or services; prohibit. Amends sec. 3 of 1976 PA 331 (MCL 445.903).

Impact

If passed, SB 283 could have significant repercussions for retailers throughout Michigan. By mandating that cash must be accepted as a valid payment method, the bill effectively prevents retailers from adopting cashless operations, which have become increasingly popular. Proponents argue that this will enhance consumer choice and protect vulnerable populations who may not have access to banking services or credit cards, thus promoting inclusivity in the retail environment.

Summary

Senate Bill 283 seeks to amend the Michigan Consumer Protection Act, specifically addressing unfair, unconscionable, or deceptive trade practices surrounding retail transactions. The proposed legislation includes a unique stipulation that prohibits retailers from refusing cash as a payment method for goods and services. This amendment aims to safeguard the rights of consumers who prefer to pay in cash and ensures they have equal access to retail transactions without being compelled to use digital payment methods.

Contention

Opposition to the bill may arise from various business groups that favor the flexibility of cashless transactions, citing the efficiency and safety of digital payments. Critics argue that enforcing cash acceptance may impose logistical challenges on businesses and lead to increased operational costs. Additionally, it could hinder the progress toward more modernized payment solutions that many consumers are moving towards, raising concerns about potential conflicts between consumer preferences and business adaptability.