Corporate Accountability

Walmart’s check-cashing service is another way of preying

— Mike L
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AN AUG. 5 editorial praised Walmart for providing nontraditional banking options for the “underbanked” in select stores. While offering simple financial services such as low-cost check cashing sounds like a good idea, we are left to wonder what is motivating the largest retailer in the world to enter into this business. On the surface this looks like Walmart is providing a needed service to the community, but we don’t need to dig deep to see that this is another strategy to increase profits.

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