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CFPB Sues Walmart, Branch Messenger for Allegedly Illegally Opening Deposit Accounts
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CFPB Sues Walmart, Branch Messenger for Allegedly Illegally Opening Deposit Accounts
Dec 23, 2024 7:05 AM

09:42 AM EST, 12/23/2024 (MT Newswires) -- The Consumer Financial Protection Bureau said Monday it has sued Walmart ( WMT ) and Branch Messenger for allegedly forcing delivery drivers to use "costly" deposit accounts to get paid.

The regulator also said the companies deceived workers about how they could access their earnings. It also alleges drivers paid more than $10 million in junk fees to Branch to instantly transfer earnings to an account of their choice.

Walmart ( WMT ) and Branch Messenger did not immediately reply to requests for comment.

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