FDIC plans public hearings on Wal-Mart bank initiative

02/24/2006 | MarketWatch

The Federal Deposit Insurance Corp. has scheduled April hearings on Wal-Mart Stores' request for FDIC insurance on its proposed banking venture. Part of the debate centers on Wal-Mart's plan to use an industrial loan company to process credit- and debit-card transactions, which critics say could hurt competition.

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