Say Goodbye To Your PIN Number And Prepare To Scan Your Fingerprints, Heartbeat Or VOICE, Visa Tells Consumers

Credit card giant wants to help consumers withdraw cash and make payments using ‘biometric’ scanning machines

YOU’LL soon be withdrawing cash and making payments using your thumbprint, voice, retina and even heartbeat, Visa has claimed.

The credit card giant is currently working with the rest of the payments industry on new standards for migrating from PIN to thumbprint and consumers should see the technology by the end of the year.

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The American Consumer Wins By Dismantling Dodd-Frank

On May 4, the House Financial Services Committee advanced The Financial CHOICE Act, a bill by Chairman Jeb Hensarling (R-TX), which eliminates price fixing and repeals anti-consumer measures in Dodd-Frank. The legislation eliminates the Durbin Amendment, which has saved big retailers nearly $42 billion since its passage in 2010, with little savings to consumers. Hensarling’s bill is a step in the right direction to protect American consumers and small businesses from higher prices and onerous government regulations.

Senate Majority Whip Dick Durbin (D-IL), who introduced the amendment just after the height of the financial crisis in 2010, boasted in an official Senate statement that his bill would give “customers a real chance in the fight against the outrageously high ‘swipe fees’ charged by Visa and MasterCard.”

“By requiring debit card fees to be reasonable, and by cleaning up Visa’s and MasterCard’s worst abuses, small businesses and their customers will be able to keep more of their own money,” Durbin continued, before claiming that his legislation would “restore common sense and fairness to this broken system.”

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H-2B Visas Cut Americans’ Wages, Four Senators Tell DHS Chief

Four Senators are pressuring homeland security chief John Kelly to reject U.S. companies’ pending pleas for visas to import up to 70,000 extra foreign workers this summer.

“A large body of evidence suggest[s] that our increasing reliance on the H-2B program cuts [Americans’] wages, pushes American workers out of jobs, and may, in some case, discourages them from every applying again,” says the bipartisan letter by Senators Chuck Grassley (R-IA), Dick Durbin (D-IL), David Perdue (R-GA), and Richard Blumenthal (D-CT).

The letter was written to Department of Homeland Security Secretary John Kelly and Secretary of Labor Alexander Acosta. In early May, the supplemental 2017 appropriations bill included language allowing the Secretaries of DHS and Labor to print roughly 70,000 additional visas for companies to import foreign workers for seasonal work in landscaping, food processing, tourism, and resorts. The underlying H-2B legislation allows companies to import a maximum of 66,000 visas for seasonal jobs that could be filled by Americans.

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