2009 Senate Bill 8: Ban Wal-Mart bank

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Introduced by Sen. John Gleason (D) on January 14, 2009, to revise the status of certain banks in Michigan statute (specifically, "Industrial Loan Companies" or ILCs) in a way that would prohibit Wal-Mart from using its own bank or ILC to process credit card transactions at its Michigan stores.
- Referred to the Senate Banking and Financial Institutions Committee on January 14, 2009.

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1) Re: 2009 Senate Bill 8 (Ban Wal-Mart bank ) by crazycajun on January 22, 2009

i wonder why the state would be afraid of a walmart bank?

why can a union form a credit union, but walmart cannot form a bank?

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2) 2009 Senate Bill 8 (Ban Wal-Mart bank ) by admin on January 1, 2001
Introduced in the Senate on January 14, 2009

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