As I reported recently, banks are beginning to collaborate in the campaign by governments to stamp out the use of cash among the public. Chase, for example, rolled out a new program in several markets in March that restricts borrowers from using cash for making payments on credit cards, equity lines, mortgages and auto loans. Even more troubling is Chases’ revised policy governing the use of its safe deposit boxes. In a letter dated April 1, Chase informed its customers of the new policy, which included the following provision: “You agree not to store any cash or coins other than those found to have … Continue reading →