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In praise of banking at big-box stores

from The Wall Street Journal

Here's some good financial news for millions of Americans: The provision in Dodd-Frank that imposed a three-year moratorium on banks affiliated with nonfinancial businesses expired this week. Now, if Congress simply does nothing and regulators apply the law fairly, Wal-Mart could begin offering affordable credit, savings accounts and CDs to consumers. So could Home Depot and Berkshire Hathaway, both of which applied for a charter to offer banking services before Dodd-Frank took effect. more


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