Corporate Statement Issued by Walmart Inc. dated June 28, 2022 in response to a Complaint filed by the Federal Trade Commission (the “FTC”) against the Company involving Money Transfer Services
28 Junho 2022 - 05:47PM
Business Wire
A narrowly divided Federal Trade Commission (“FTC”) brought this
factually flawed and legally baseless civil lawsuit after the Chair
refused Walmart the due process of hearing directly from the
company, and even the Justice Department refused to take this case
to court.
Claiming an unprecedented expansion of the FTC’s authority, the
agency seeks to blame Walmart for fraud that the agency already
attributed to another company while that company was under the
federal government’s direct supervision.
Walmart will defend the company’s robust anti-fraud efforts that
have helped protect countless consumers, all while Walmart has
driven down prices and saved consumers an estimated $6 billion in
money transfer fees.
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save
money and live better — anytime and anywhere — in retail stores,
online, and through their mobile devices. Each week, approximately
230 million customers and members visit more than 10,500 stores and
clubs under 46 banners in 24 countries and eCommerce websites. With
fiscal year 2022 revenue of $573 billion, Walmart employs
approximately 2.3 million associates worldwide. Walmart continues
to be a leader in sustainability, corporate philanthropy and
employment opportunity. Additional information about Walmart can be
found by visiting corporate.walmart.com, on Facebook at
facebook.com/walmart and on Twitter at twitter.com/walmart.
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version on businesswire.com: https://www.businesswire.com/news/home/20220628006156/en/
Randy Hargrove Sr. Director, Global Communications
800-331-0085
Walmart (NYSE:WMT)
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