Introduced by Rep. Richard J. Ball (R) on January 17, 2008, to revise the status of certain Utah banks in Michigan statute (specifically, "Industrial Loan Companies" or ILCs) in a way that would prohibit Wal-Mart from using its own Utah bank (ILC) to process credit card transactions at its Michigan stores.
Referred to the House Banking and Financial Services Committee on January 17, 2008.
1) HB5637 [by bpba on January 22, 2008] I disagree. Wal Mart should be free to operate under the same regulations and banking laws as every one else. Reply
2) 2008 House Bill 5637 (Ban Wal-Mart bank ) [by admin on January 1, 2001] Introduced in the House on January 17, 2008