Mega Retailer Walmart Launches Lawsuit Against Synchrony Financial

Posted on 11/09/2018


Walmart (WMT) has filed a lawsuit against its longtime credit card issuer, Synchrony Financial, a former subsidiary of GE Capital. Synchrony is the largest provider of private label credit cards in the U.S. Walmart charges that Synchrony committed a breach of contract with its poor underwriting standards. This has potentially cost Walmart US$800 million, and […]