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MARCH/APRIL 2006

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COVER STORY

Opponents of industrial banks (also know as Industrial Loan Companies, or ILCs) are using the Wal-Mart Bank application for federal deposit insurance to call for ILC restrictions that could limit consumer choice and competition in the financial services industry, said AFSA in an April 10th public hearing held in Arlington, VA by the Federal Deposit Insurance Corporation (FDIC).
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