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A couple of years ago, you may have drawn a blank when one of your customers demanded GFSI (Global Food Safety Initiative) certification if you wanted to continue as a [...]

In February 2008, Walmart changed the way it does business with its private-label food and other food product suppliers by demanding GFSI--Global Food Safety Initiative--certification. Though GFSI was launched in [...]

In the wake of a bevy of food recalls over the past two years, a number of companies including WAL-MART have turned to third party firms to offer a certification [...]

WAL-MART STORES, INC. will require suppliers of its private label and other food products such as produce, meat, fish, poultry and ready-to-eat foods to have their factories certified by Global [...]

Chasing the success of Whole Foods Market Inc., and the announcement last year that Wal-Mart Stores Inc. would double its organic products, several regional grocers are going deeper into the [...]

The comptroller's recent vote to delay Wal-Mart's industrial loan company license for a year is the latest evidence of the OCC's credibility problem. In an odd statement to justify the [...]

WASHINGTON -- Bowing to pressure from Congress, the Federal Deposit Insurance Corp. said Wednesday that it would take another year to decide whether Wal-Mart Stores Inc. or Home Depot Inc. [...]

The anticipation in banking circles about how the FDIC will decide Wal-Mart's application to own a Utah industrial loan company makes no sense, because either way Wal-Mart is going to [...]

Industrial loan companies came into existence in the early 1900s to serve the borrowing needs of blue-collar workers. They received little notice until last year, when Wal-Mart Stores Inc. filed [...]

WASHINGTON -- The Federal Deposit Insurance Corp. announced Friday that it would delay by at least six months any decision on approving applications by companies, including Wal-Mart Stores Inc. and [...]

WASHINGTON -- Legislators are ramping up pressure on the Federal Deposit Insurance Corp. to reject applications from Wal-Mart Stores Inc. and Home Depot Inc. to charter industrial loan companies. The [...]

WASHINGTON -- Critics are hoping a House hearing next week will pressure regulators to reject Wal-Mart Stores Inc.'s effort to own an industrial loan company -- and lay the groundwork [...]

WASHINGTON -- With Sheila Bair confirmed last week to head the Federal Deposit Insurance Corp., speculation has reached a fever pitch over how its board will vote on Wal-Mart Stores [...]

RFID is proving to be the 62% solution to Out-of-Stocks CHICAGO-Wal-Mart has reduced out-of-stocks by as much as a whopping 62 percent by using radio frequency identification technology. So said [...]

At least one lawmaker is seeking to testify during public hearings on Wal-Mart Stores Inc.'s application to charter an industrial loan company in Utah. Rep. Stephanie Tubbs-Jones, D-Ohio, has formally [...]

Between e-commerce, new payment technologies, and a credit card industry on tenterhooks over interchange fee litigation, there are plenty of things that could rock the world of consumer finance in [...]

WASHINGTON -- The National Association of Realtors has a secret weapon in its battle against the Office of the Comptroller of the Currency: Wal-Mart Stores Inc. Thomas Stevens, the trade [...]

Sen. Hillary Rodham Clinton has joined the list of lawmakers expressing concerns about Wal-Mart Stores Inc.'s application to obtain an industrial loan charter. 'As you surely recognize, the FDIC's actions [...]

WASHINGTON -- There is strong bipartisan support in Congress to bar commercial companies like Wal-Mart Stores Inc. from owning industrial loan companies, Rep. Barney Frank said. Action in Congress would [...]

WASHINGTON -- Long-anticipated changes at the top of the banking agencies finally occurred in the second half of last year, but the new leadership probably will have little effect on [...]

WASHINGTON -- More than two dozen members of the House Financial Services Committee have demanded that the Federal Deposit Insurance Corp. not rule until it has a chairman on Wal-Mart [...]

Banks continued to report fat profits during 2005, fed by loan growth and credit quality that held up better than expected. But a flat yield curve and pricing pressure on [...]

The House Financial Services Committee plans to scrutinize the regulation of industrial loan companies next year, a senior panel member said Monday. 'In the next six months to a year [...]

WASHINGTON -- Given extra time to weigh in on Wal-Mart Stores Inc.'s application to charter an industrial loan company in Utah, community bankers, some key lawmakers, and a host of [...]

OPEN FOR COMMENT Stored-Value Cards A proposal by the Federal Deposit Insurance Corp. that would clarify the insurance coverage of funds subject to transfer or withdrawal through the use of [...]

Nevada lawmakers are taking a second stab at legislation to prevent Wal-Mart Stores Inc. from obtaining an industrial loan company charter -- even though the retail giant is not seeking [...]

MONTREAL -- The Labour Board of Quebec here last week granted union certification to employees at a Wal-Mart store in Jonquiere, Quebec, in a decision Wal-Mart Canada called 'disappointing,' and [...]

* Chicago's City Council voted to permit Wal-Mart to open its first store in Chicago on the West Side, but the retailer's plans for a second store on the South [...]

Increased competition for consumers' money transfer business has sent prices lower in recent years, forcing even market leader Western Union to respond. And that was before Wal-Mart Stores Inc. began [...]

LOS ANGELES -- Wal-Mart Stores Inc. suffered a blow late Wednesday when the Los Angeles City Council's Housing, Community & Economic Development Committee voted 4-to-1 in favor of an ordinance [...]

Now that a state appeals court has reversed a lower court ruling that delayed a Walmart in Burbank, the city is proceeding with street improvements that were a key issue [...]

Wal-Mart after unsuccessful attempts in 2002 is trying once again by filing an application in July 2005 in Utah and with the Federal Deposit Insurance Corp (FDIC) to establish a limited purpose bank called as an industrial loan company (ILC). Wal-Mart wants to save millions of dollars in debit, credit and electronic-funds transfer fees the company pays every year to bank for handling their services and pass on the same to their customers.

Wal-Mart has applied to banking regulators in Massachusetts for opening of 44 check-cashing operations. This move is likely to have a significant change on the local banks.