Industry News

Bill would prohibit Wal-Mart, Home Depot banks

Proposed legislation aims to close loophole in banking-commerce separation
Published on Jul 11, 2006

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by CareyBot

A bill introduced yesterday in Congress that would close a loophole in the separation of banking and commerce has the support of a banking industry trade group. Reps. Paul Gillmor, D-Ohio, and Barney Frank, R-Ohio, on Monday introduced legislation to ...