The House and Senate have passed similar versions of the Common Cents Act. What its rounding rules, safe harbor and state compliance gaps mean for retailers.

Last year, when Trump announced the executive order, multiple states made their own rounding guidelines. The Common Cents bill creates a national standard for adjusting to the phase-out of the penny, ...

A bill moving through Congress would eliminate the penny and require cash transactions to be rounded to the nearest five ...

Pennymac said it is the first large servicer to implement the VA's new waterfall and partial claim programs, ahead of a Nov.

A Virginia investor built a nine-figure retirement account using nothing but public stocks any American could have bought, then converted it in a single move that permanently erased his future tax ...

A Puerto Rico Senate committee recommended against approving a resolution that sought a study of how the end of penny production in the United States could affect the island, concluding that the ...

As I was walking to the premiere of Penny Lane Is Dead at Fantasia International Film Festival last night, an attendee I had met earlier this week warned me I was in for a brutal watch. I tend to take ...

(NEXSTAR) – It’s been roughly eight months since the U.S. minted its last penny, and even longer since a shortage left businesses struggling to make exact change to cash-paying customers. A bill ...

On Tuesday, the House of Representatives passed the Common Cents Act, which would introduce rounding guidelines for cash transactions when exact change is unavailable and would legally end penny ...

The Common Cents Act, a response to the phase-out of the penny that lets businesses round cash transactions to the nearest nickel, was passed by the House of Representatives on Tuesday and now moves ...

The U.S. Mint stopped producing pennies in November The Treasury issued rounding guidance to states, merchants An NCSL report detailed the approach Canada has taken Nineteen states have enacted laws ...