Industry News

Realtor group opposes Wal-Mart Bank application

Proposal would 'establish a dangerous precedent,' says NAR
Published on Apr 12, 2006

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by CareyBot

Thomas M. Stevens, president for the National Association of Realtors trade group, testified this week in opposition to an application by mega-retailer Wal-Mart Stores Inc. to form Wal-Mart Bank. Stevens stated, “When commercial firms are allowed to engage in banking, ...