New Lawsuit And Glaring Problems Threaten DOL H-1B Visa Rule

A new lawsuit and economic research have exposed problems with the Department of Labor’s (DOL) new H-1B wage rule. The lawsuit seeks a preliminary and permanent injunction against the new rule, which analysts have concluded was designed to price out of the U.S. labor market H-1B visa holders and employment-based immigrants by raising the required minimum wage to employ them. The research explains why the rule is likely unlawful, harmful to the U.S. economy and will make it difficult for international students to be employed in the United States after graduation.

“On October 8, 2020, without providing prior notice and without affording plaintiffs or the general public an opportunity to comment, the Department of Labor dramatically altered the manner in which it calculates

Read More

Visa, Mastercard invest more in digital issuance as consumers look beyond branches

Fewer consumers are relying on physical banks to get payment cards, giving Visa and Mastercard an incentive to bet on technology that expedites the work of neobanks and fintechs.

Visa on Monday made an investment in Global Processing Services, which powers the payment rails for several challenger banks and fintechs, giving the card brand greater visibility in that part of the market while Global Processing Services picks up funding to fuel a geographic and product expansion.

Both credit unions and banks saw a decline in branch traffic and the use of branch networks during the pandemic, accelerating an existing trend. For the card brands, that requires being more supportive of alternative issuing channels.

“There is a genuine opportunity for issuer processors to set up at the same time in many markets. The factors that are driving digital and smartphone adoption are ubiquitous, as is the movement away from cash that’s

Read More

How A Proposed Student Visa Rule Would Discourage Top Talent From Coming to The U.S.

The United States has long drawn the world’s brightest minds to study at its colleges and universities. Students from across the globe seek to study at our institutions, where they have access to excellent educational programs, leading experts in their field of study, and opportunities to take part in pathbreaking research. The United States benefits from the immense impact of these students: the global perspective they bring to campus, the jobs they support while studying here, and the innovations and companies they create here after completing their degree. It’s a model our competitors and counterparts have envied for years.

Yet a new proposed rule affecting U.S. student visa policy would discourage students from studying here. The Department of Homeland Security recently announced a proposed rule impacting student visa policies that would shorten the time student visas are valid to increments of two

Read More

Was The Smart Money Right About Visa Inc (V)?

Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 850 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile failures like hedge funds’ 2018 losses in Facebook and Apple. Let’s take a closer look at what the funds we track think about Visa Inc (NYSE:V) in this article.

Visa Inc (NYSE:V) has experienced a decrease in activity from the world’s largest hedge funds recently. Visa Inc (NYSE:V) was in 154 hedge funds’ portfolios at the end of June. The all time high for this statistics is 157 (2020 Q1). Our calculations also showed that V ranks #6 among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video

Read More