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• Published reports say that the US Congress – led by Rep. Barney Frank (D-Massachusetts), chairman of the House Financial Services Committee – is likely to consider legislation that would ban Wal-Mart and other non-financial services companies from owning industrial banks.

Wal-Mart filed and then withdrew an application to start an industrial bank when the Federal Deposit Insurance Corporation (FDIC) delayed action on that application; while the company has said that it could try again, numerous reports suggest that the political currents may be running against it.

While Wal-Mart had said that it wanted to own a bank so it could reduce debit and credit card transaction fees, there were suspicions in the mainstream banking business – some of them amplified by internal Wal-Mart memos – that it planned a much broader involvement in the banking business.

• Wal-Mart Stores reportedly has been named one of the "2007 Top 35 Companies for Executive Women" by the National Association for Female Executives (NAFE). NAFE selected the company for its programs and initiatives designed to support female participation and leadership in the workplace.
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