Several months after the dissolution of their credit card partnership was announced, retail giant Walmart (NYSE: WMT) has filed an $800 million lawsuit against Synchrony Financial (NYSE: SYF), alleging that Synchrony’s underwriting practices caused steeper-than-expected credit card losses.
In this Industry Focus: Financials clip, host Jason Moser and Fool.com contributor Matt Frankel, CFP discuss the lawsuit and what it could mean to investors.
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Walmart Sues Synchrony Over Credit Card Issues: What Does it Mean? financials sector | |
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| News & Politics | Upload TimePublished on 10 Nov 2018 |
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