Leave our bank alone
New financial industry reform measures supported by President Barack Obama are examples of change that Target doesn’t believe in. The company issued a statement last week indicating it is opposed to “any proposal that would eliminate our ability to operate our banks,” following the release of a white paper by the Obama administration which detailed financial regulatory reforms including proposals regarding comical ownership of banks.
Target operates two banks, although neither is a bank in the sense of the word most familiar to consumers. Target Bank, based in Salt Lake City is an industrial loan company whose primary activity involves issuing the Target Business Card commercial credit card. Target National Bank, based in Sioux Falls, S.D., is a limited purpose credit card bank that issues the Target Visa Credit Card and Target Credit Card.
“We are still evaluating the specifics of all the proposals and will continue to work with our trade association partners on any additional response,” the company said in a prepared statement. Target president, chairman and CEO Gregg Steinhafel serves as vice chairman of the board of the Retail Industry Leaders Association.
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Guest Commentaries: Hurricane preparedness
The National Oceanic and Atmospheric Administration (NOAA) has released its predictions for the 2010 hurricane season, and the news wasn’t good. Predicting an “active to extremely active” hurricane season for the Atlantic Basin, the outlook reinforces the importance of having a hurricane preparedness plan in place.
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Amazon.com offers resource center for Windows 7
SEATTLE Amazon.com has launched a resource center for Windows 7 at http://www.amazon.com/windows7, offering customers in-depth information on the new operating system.
The Windows 7 Resource Center will be updated regularly with the latest commentary from independent industry experts, as well as video demonstrations of new features and customer forums.
The retailer is now offering Microsoft’s new Windows 7 operating system Home Premium Upgrade and Professional Upgrade packages for $49.99 and $99.99 at the Amazon.com Software Store ( www.amazon.com/software ).