Federal regulators on Friday put a hold on requests by Home Depot Inc., Wal-Mart Stores Inc. and at least a dozen other companies with plans to get into the banking business.
In the wake of uproar from Capitol Hill, some other banking regulators and consumer advocates, the Federal Deposit Insurance Corp. announced a six-month moratorium on applications to either acquire industrial loan corporations, known as ILCs, or form new ones.
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