Financial Services Latest News: 16 Senators Seek Inquiry of A.T.M.-Style Pay Cards

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Financial Services Latest News: 16 Senators Seek Inquiry of A.T.M.-Style Pay Cards

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Financial Services Latest News: 16 Senators Seek Inquiry of A.T.M.-Style Pay Cards

by Wochit 0:43 mins

Financial Services Latest News: 16 Senators Seek Inquiry of A.T.M.-Style Pay Cards

by Wochit 0:43 mins

Instead of paper checks or direct deposit, employers are issuing A.T.M.-style cards that can have large fees associated with them. Sixteen senators want an investigation. Health insurer Aetna Incorporated said a planned partnership with Swiss Life Holding AG will enable Aetna to offer its international and domestic healthcare benefits to Swiss Life's multinational customers. A proposal by Senator Orrin Hatch of Utah would enable governments to turn their pension plans over to life insurers.

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