Consumer
CFPB Sues Walmart, Fintech for Illegally Opening Accounts
- CFPB claims Walmart required drivers to use Branch Messenger
- Branch Messenger says company disagrees with the lawsuit
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Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s largest retailer without their consent, a US consumer protection agency said on Monday.
The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark Driver program to be paid through costly accounts or be fired.