Wal-Mart, with 500 More MoneyCenters, Needs Scutiny, CFPA
By Matthew R. Lee
Wal-Mart plans to open 500 more of its MoneyCenters. Asked for comment, Inner City Press opined
"Wal-Mart's proliferation of check cashing and $4.50 for bill payment (same day) into 500 more stores must be seen in the context of the company's recent gender discrimination settlement, use of tainted cotton from Uzbekistan, and standardless sale of the resources of the Democratic Republic of the Congo. We are still monitoring Wal-Mart, as it become more banklike without any of the regulation. We would suggest that the Consumer Financial Protection Agency, or Burea, wherever housed, also look at Wal-Mart."
The domestic and CFPA portion of the comment appeared in the Charlotte Observer and elsewhere.
"Wal-Mart adding financial sites," by Christina Rexrode, Charlotte Observer, March 16, 2010
