CFPB Sues Walmart and Branch Messenger for Illegally Opening …

Dec 23, 2024 · The CFPB’s lawsuit alleges that Walmart and Branch opened Branch accounts for Spark Drivers, and Walmart then deposited drivers’ pay into these accounts, without the drivers’ consent. Walmart told Spark Drivers that they were required to use Branch to get paid and that …

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Walmart Illegally Opened Costly Deposit Accounts For One Million ...

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Dec 23, 2024 · 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 …

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Walmart Illegally Opened Delivery Drivers' Deposit Accounts, U.S. Says

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Dec 23, 2024 · The Consumer Financial Protection Bureau on Monday accused Walmart and payments platform Branch Messenger of costing delivery drivers over $10 million in fees …

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CFPB Accuses Walmart And Branch Of Opening Illegal Accounts

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Dec 23, 2024 · The bureau said Walmart drivers had to follow a complex process to access their funds through Branch, a fintech company that offers deposit accounts at $1.7 billion-asset …

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Capital One Sued By US Watchdog Alleging Bank Cheated …

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3 days ago · According to disclosures on the Capital One’s website, 360 Savings accounts currently carry an interest rate of just under 0.50%. 360 Performance Savings accounts have …

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FAQs about CFPB Sues Walmart and Branch Messenger for Illegally Opening … Coupon?

Did Walmart illegally open 1 million deposit accounts for delivery drivers?

UPDATE: This article includes comments from a Branch Messenger spokesperson. The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger for illegally opening 1 million deposit accounts for delivery drivers and misrepresenting same-day access to their pay. ...

Did Walmart & branch messenger illegally open a deposit account?

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, the Consumer Financial Protection Bureau alleges in a lawsuit filed Monday against the retailer and payments platform. ...

Did Walmart open unauthorized bank accounts for delivery drivers?

The CFPB alleges that Walmart and Branch Messenger opened unauthorized bank accounts for over 1 million delivery drivers and forced them to use these accounts to access their paychecks. How did Walmart respond to the allegations? Walmart denied the accusations, calling the CFPB’s claims factually incorrect and exaggerated. ...

Did Walmart use drivers' personal information to open deposit accounts?

Walmart and Branch also opened deposit accounts using drivers’ personal information without their consent, the federal agency argued (Getty Images) “Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said in a statement. ...

Did CFPB force Walmart delivery drivers to use unauthorized deposit accounts?

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Walmart and fintech company Branch Messenger, alleging that over one million Walmart delivery drivers were forced to use unauthorized deposit accounts to access their earnings. ...

Did Walmart force delivery drivers to use a deposit account?

T he Consumer Financial Protection Bureau has filed a lawsuit against Walmart and Branch Messenger, alleging the companies forced delivery drivers to use costly deposit accounts to get paid. Bentonville-based Walmart operates the Spark Driver Program, through which drivers make “last-mile” deliveries from Walmart stores nationwide. ...