Dillard's, Inc. filed a lawsuit against Wells Fargo on May 22, 2025, alleging repeated breaches of a co-branded credit card relationship. The department store chain claims these breaches caused tens of millions of dollars in losses.
The complaint, filed in Manhattan federal court, states that Wells Fargo became an 'unwilling and incapable partner' after facing consent orders in 2016 and 2018 from the U.S. Consumer Financial Protection Bureau and Federal Reserve. Dillard's welcomed the termination of the decade-long relationship.
Dillard's asserts that Wells Fargo's 'bad-faith conduct' persisted even during the termination process of the credit card alliance. The lawsuit seeks to recover the substantial financial damages incurred by Dillard's due to the alleged breaches.
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