Bill would stop Wal-Mart, others from creating banks

Holzer, Jessica
May 2007
Hill;5/11/2007, Vol. 14 Issue 56, p15
The article reports on the introduction of the bill which would bar companies like Wal-Mart Stores Inc. from setting up banks in the U.S. The bill, which was introduced by Senators Sherrod Brown, Tim Johnson and Wayne Allard, would also limit the growth of existence of industrial loan companies (ILC) and strengthen the power of the Federal Deposit Insurance Corp. to regulate them.


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