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SPRINGFIELD, Mass. – A now controversial bid by Wal-Mart Stores to cash checks at its Massachusetts outlets ran into flak last week from both bankers and two credit union CEOs complaining, in part, about the retailer fostering unsavory “unbanked” practices.

Speaking out about a Wal-Mart license application now before the Massachusetts Division of Banking were Gary P. Fishlock, president of the $88 million STCU Credit Union of Springfield and James P. Nagy, president of the $75 million ValleyStone CU of Wilbraham.

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