CFPB Sues Walmart and Branch for Allegedly Opening Illegal Accounts

Reported 1 day ago

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Walmart and the payment app Branch Messenger for allegedly opening one million deposit accounts without consent for delivery drivers while misrepresenting pay access. The lawsuit claims that Walmart drivers had to navigate a complex system to access their funds, incurring over $10 million in fees, and were pressured to use the Branch app for payment. The CFPB seeks to halt the alleged unlawful practices and provide restitution for affected consumers.

Source: YAHOO

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