“Synchrony Financial said Wednesday Walmart Inc. has agreed to dismiss a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal. In the lawsuit, filed late last year in the U.S. District Court of the Western District of Arkansas, Walmart said that some of Synchrony’s underwriting standards financially harmed the retailer. Walmart was seeking damages estimated to be no less than $800 million.”
Synchrony Says Walmart to Drop Lawsuit Against Credit-Card Issuer
Wall Street Journal (paywall)
