Wal-Mart is coming to banking and everyone is panicking, maybe for good reason. For the first time in 73 years the fdic had a public hearing on the matter and over 70 different groups signed up to testify at the hearing.
I know this may contrary to others opinions but maybe Wal-Mart entering the banking market will cause innovation, change and more competitive services. Are the 73 entities who want to testify concerned with their own viability and profits or are they truly concerned about customers and clients.
Read the article on Wal-Mart and Banking