- News
- 28 Apr, 23

US retail giant Walmart has launched a lawsuit against financial services giant Capital One, alleging that the bank failed to meet contractual obligations and customer service standards. The lawsuit was filed in the US District Court for the Southern District of New York.
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Walmart Takes Legal Action Against Capital One
According to the company, Capital One did not meet customer care standards in five categories, including the failure to issue replacement cards and promptly process payments. The retail giant also claims that Capital One acknowledged these shortcomings in February.

The partnership between Walmart and Capital One began in 2018 when the bank was tapped by the company to issue the retailer’s credit cards. The Wall Street Journal reports that the deal between the two companies is expected to end in 2026.
Capital One has responded to the lawsuit, saying it will “vigorously protect our contractual rights in court.” The company has not commented on Walmart’s allegations of poor customer service.
According to The Wall Street Journal, the company had requested that its fintech unit Hazel be involved in the issuance of its credit cards, but Capital One was unwilling to comply with the request. Walmart’s banking platform, One, is currently being tested with employees before being rolled out to customers.
This lawsuit highlights the importance of meeting contractual obligations and customer service standards in the financial services industry. Failure to meet these standards can result in the loss of valuable partnerships and, in some cases, legal action.

As we reported on Zatrun.com, it remains to be seen how the court will rule in this case, but both Walmart and Capital One will likely face significant legal costs as they battle it out in court. It’s a reminder that companies need to take their contractual obligations seriously and work to maintain strong relationships with their partners to avoid potentially costly disputes.
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