02:35 PM EST, 12/23/2024 (MT Newswires) -- (Updates with Walmart's ( WMT ) response in the third paragraph.)

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.

"The CFPB's rushed lawsuit is riddled with factual errors and contains exaggerations and blatant misstatements of settled principles of law," a Walmart ( WMT ) spokesperson said to MT Newswires via email. "The CFPB never allowed Walmart ( WMT ) a fair opportunity to present its case during their rushed investigation. We look forward to vigorously defending the Company before a court that, unlike the CFPB, honors the due process of law."

Branch Messenger did not immediately reply to a request for comment.

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