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Walmart files lawsuit against Capital One to terminate credit-card partnership.

1 min read
Source: Bloomberg
Walmart files lawsuit against Capital One to terminate credit-card partnership.
Photo: Bloomberg
TL;DR

Walmart has filed a lawsuit in federal court to terminate its credit-card partnership with Capital One, citing the bank's failure to meet critical standards for customer care. The two companies entered into a contract in 2018 that made Capital One the sole issuer of Walmart's private label and co-branded credit cards.

Topics:business#business#capital-one#credit-card-partnership#customer-care#federal-court#walmart
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  1. Walmart Sues Capital One to End Its Credit-Card Partnership  Bloomberg
  2. Walmart Sues Credit-Card Partner Capital One - WSJ  The Wall Street Journal

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