Walmart Had Right to End Capital One Partnership, Judge Rules - Bloomberg

Walmart Inc. had the right to terminate a credit-card partnership with Capital One Financial Corp., a federal judge ruled, handing a victory to the retailer in its attempts to end its relationship with the bank.

Capital One became the sole issuer of Walmart’s private label and co-branded credit cards in 2018, but the retailer sued last year seeking to end their alliance, saying the bank failed to deliver replacement cards to customers within five days and promptly post transaction and payment information to accounts.

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