U.S. District Judge Katherine Polk Failla in Manhattan determined that Walmart (WMT) can terminated its credit card partnership with Capital One (COF) early because the lender failed to provide the required level of customer service, Reuters’ Jonathan Stempel reports. The federal judge stated that the terms of a 2018 pact making Capital One the exclusive issuer of Walmart-branded credit cards in the U.S. “clearly dictate” that the bank’s “repeated customer service failures” entitled the retail giant to end the partnership, the author notes.
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