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President Barack Obama's immigration edict is likely to enrich Wal-Mart because the previously undocumented millions would be able to use the giant discounter's new banking services, says Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor. Wal-Mart has made a strategic move into so-called fringe banking with its GoBank service, which includes services such as check cashing, money orders and bill pay via branchless, mobile checking accounts. [Full Story]
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