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Cloakroom Confidential: Durbin Pushes ‘Chip & Pin’ Scheme Despite Security Flaws

| Daily Surge

When a member of Congress pushes legislation it is prudent to ask “who benefits?” When it comes to Sen. Dick Durbin’s demand that credit card consumers be forced to enter a PIN number when they use their cards, the answer is obvious — the big retailers who have filled Durbin’s campaign coffers for years. This is a problem that Congress seems to attempt to tackle every few years with little result.

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