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Troubled visa investment program gets short-term extension, no fixes

Congress granted a short-term reprieve this week to a visa program that benefits immigrants who invest in U.S. businesses, but that extension came without any reforms critics say are necessary to prevent fraud, abuse and security risks. ... Read more»

Debit card debate misses potential pro-consumer rules

Controversy over the Fed's proposed debit card regulations has largely focused on the proposed cap on interchange fees—the fees banks receive from merchants for processing debit transactions. But the interchange cap is only half of the story; some of the proposed rules could increase competition in a market dominated by Visa.... Read more»

Backgrounder

The battle over hidden debit card fees

A provision within the financial reform bill that would regulate debit card transaction fees could be postponed by a year or two following fierce objections from banks.... Read more»

New ICE age: Crackdown on employers who hire undocumented

The federal government could begin cracking down on employers who hire undocumented workers and on residents with expired visas, according to a copy of Immigration and Customs Enforcement's new strategic plan.... Read more»

Border & immigration

Number of visas issued for crime victims jumps

In the first four months of the year, more visas have been granted to undocumented victimsof such crimes as domestic violence and rape than in all of fiscal year 2009.... Read more»