CFPB sues Walmart, Branch Messenger for illegally opening deposit accounts

© Reuters. FILE PHOTO: A view of a Walmart store in Vienna, Virginia, U.S. November 26, 2024. REUTERS/Benoit Tessier/File Photo

WASHINGTON (Reuters) – The Consumer Financial Protection Bureau said on Monday it was suing Walmart (NYSE: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 then deposited drivers’ pay into these accounts without their consent, it said.

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