CFPB sues Walmart, Branch Messenger for illegally opening deposit accounts-February 2024-www.financetom.com

CFPB sues Walmart, Branch Messenger for illegally opening deposit accounts

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CFPB sues Walmart, Branch Messenger for illegally opening deposit accounts

Dec 23, 2024 6:35 AM

WASHINGTON, Dec 23 (Reuters) - The Consumer Financial

Protection Bureau said on Monday it was suing Walmart ( WMT ) and Branch

Messenger for forcing delivery drivers to use costly deposit

accounts to get paid and for deceiving workers.

In a statement, the bureau alleged the two companies opened

Branch accounts for Spark Drivers. Walmart ( WMT ) then deposited

drivers' pay into these accounts without their consent, it said.

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