Walmart illegally opened bank accounts for over 1 million drivers, …

Dec 23, 2024 · The companies opened deposit accounts for Walmart’s drivers with their personal information, such as Social Security numbers, without authorization, according to the agency’s …

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Walmart Accused Of Illegally Opening Costly Accounts For Drivers

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More than one million delivery drivers collectively paid more than $10 million in fees after Walmart and Branch Messenger illegally opened costly deposit accounts in their names without consent ...

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Walmart Accused Of Illegally Forcing Over 1 Million Of Its Drivers To ...

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Dec 27, 2024 · Walmart forced delivery drivers to use ‘costly’ deposit accounts and ‘harvested’ $10 million in junk fees, the Consumer Financial Protection Bureau argues in a lawsuit (Getty …

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FAQs about Walmart illegally opened bank accounts for over 1 million drivers, … Coupon?

Did Walmart charge delivery drivers a $10 million fee?

The Consumer Financial Protection Bureau on Monday accused Walmart and payments platform Branch Messenger of costing delivery drivers over $10 million in fees through these accounts since 2021. Walmart, in turn, accused the agency of filing a rushed lawsuit full of errors. ...

Did Walmart open expensive bank accounts for delivery drivers?

Walmart and Branch Messenger are being sued for allegedly opening expensive bank accounts for delivery drivers without their consent. Here's all that happened ...

Did Walmart force delivery drivers to use expensive deposit accounts?

The Consumer Financial Protection Bureau announced that it has sued Walmart (WMT) and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers — “last mile” drivers in Walmart’s Spark Driver program — about how they could access their earnings. ...

Did Walmart & branch messenger illegally open a deposit account?

M ore than one million delivery drivers collectively paid more than $10 million in fees after Walmart and Branch Messenger illegally opened costly deposit accounts in their names without consent, the Consumer Financial Protection Bureau alleges in a lawsuit filed Monday against the retailer and payments platform. ...

Why is Walmart suing a finance company?

The Consumer Financial Protection Bureau is suing Walmart and a finance company, arguing they forced delivery drivers to fork over junk fees for “costly” deposit accounts and used their personal information without their consent. ...

Did Walmart and branch deceive drivers to pay 'junk fees'?

This allegedly resulted in workers having to pay more than $10 million in “junk fees” to transfer their money into an account of their choice. CFPB claimed Walmart and Branch deceived drivers into thinking Branch Accounts would give them “instant access” to pay but instead, drivers experienced delays when accessing their money. ...