Walmart, Kroger, Home Depot warn House GOP on banking bill

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Major retailers Walmart, Kroger, Home Depot and hundreds of other stores issued a warning Tuesday to House Republicans about a financial reform bill, saying that a provision about debit card fees that has been added to the legislation would hurt the economy.

In a jointly signed letter, the corporations warned the Republican leadership of the House Financial Services Committee that a provision they are contemplating “would be a monumental step in the wrong direction for U.S. businesses and consumers.”

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