2007 Senate Bill 920

Ban Wal-Mart bank

Introduced in the Senate

Nov. 27, 2007

Introduced by Sen. John Gleason (D-27)

To revise the status of certain Utah banks in Michigan statute (specifically, "Industrial Loan Companies" or ILCs) in a way that would prohibit Wal-Mart from using its own Utah bank (ILC) to process credit card transactions at its Michigan stores.

Referred to the Committee on Banking and Financial Institutions