9 years ago
The People Vs. the Bank of Walmart
Walmart is finally getting into the financial services industry. And how you feel about that may tell you everything you need to know about your politics. Here’s the history: After fighting unsuccessfully to get a bank charter last decade, the biggest of big-box stores pivoted to a backdoor strategy, using partnerships with prepaid card issuers to offer bank-like services piecemeal.
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