Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access
US consumer bureau sues Walmart, fintech for illegally opening accounts
Walmart sued over illegally opening bank accounts for delivery drivers
Walmart illegally opened bank accounts for over 1 million drivers, CFPB alleges
The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access their paychecks,
Walmart illegally opened costly deposit accounts for one million delivery drivers, lawsuit claims
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
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CFPB accuses Walmart and Branch of opening illegal accounts
The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger, accusing them of illegally opening 1 million deposit accounts and charging $10 million in fees.
CFPB sues Walmart, Branch Messenger for forcing drivers to use costly deposit accounts
Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, complicated deposit accounts in order to get paid and raked-in millions in the process.
CFPB Sues Walmart, Branch Messenger for Pay Practices for ‘Last-Mile’ Drivers
The lawsuit alleges that Walmart deposited drivers’ pay into accounts with payment platform Branch Messenger without the drivers’ consent.
Financial Watchdog Alleges Walmart Forced Army of Gig-Worker Drivers to Receive Pay Through High-Fee Accounts
The Consumer Financial Protection Bureau sued Walmart and the payments platform Branch Messenger in federal court in Minnesota.
CFPB sues Walmart, fintech partner for illegal account openings
“Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said. Neither Walmart nor Branch Messenger immediately responded to a request for comment.
What's Going On With Walmart Stock Monday?
Walmart Inc. (NYSE:WMT) shares are trading lower on Monday. The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against the company and Branch Messenger over concerns regarding junk fees.