Next Up: A Wal-Mart Credit Card?

With banks hiking rates and fees, the time may be right for Wal-Mart to bring its cost-cutting ways to the credit-card industry
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Is Wal-Mart Stores (WMT) going to bring its price-chopping ways to the credit-card industry? BusinessWeek has learned that the retail behemoth has held talks with Herbert and Marion Sandler, founders of Golden West Financial Group, about a new credit card that would offer lower interest rates and few of the onerous fees associated with traditional credit cards.

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