Thursday, June 21, 2007
Wal-Mart's New Nonbank Bank
Like the recent PayPal story, this is bad news from a competitor's perspective, but from a consumer's it is great news. Sure, Wal-Mart is in it for the extra revenue, but if this saves low income consumers from having to pay the exorbitant fees check cashing places charge, then Wal-Mart should be commended.
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