Thursday, 16 May 2013

Should Regulators Permit a Wal-Mart Bank?

“The Dodd-Frank Act's ban on pure commercial ownership of industrial loan companies is set to expire in July. "American Banker" editors discuss the pros and cons of allowing a commercial enterprise like Wal-Mart into the banking business at a time when the previous argument against doing so has been turned on its head.”
 
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