Walmart sued over illegally opening bank accounts for delivery drivers
The Consumer Financial Protection Bureau (CFPB) is suing Walmart and payroll service provider Branch Messenger for alleged illegal payment practices for gig workers.
Walmart illegally opened bank accounts for 1 million drivers, lawsuit alleges
Walmart and fintech company Branch Messenger are being sued by the Consumer Financial Protection Bureau for allegedly forcing more than one million delivery workers to use expensive deposit
US government sues Walmart, Branch Messenger over delivery driver 'junk fees'
The U.S. consumer finance watchdog accused Walmart and the workforce payments company Branch Messenger on Monday of forcing more than a million delivery drivers into using accounts that cost them more than $10 million in junk fees.
CFPB sues Walmart, Branch Messenger for forcing drivers to use costly deposit accounts
Walmart and a financial tech company are being sued over allegations the retail giant forced drivers to use costly, complicated deposit accounts in order to get paid and raked-in millions in the process.
CFPB Sues Walmart, Branch Messenger for Pay Practices of ‘Last-Mile’ Drivers
The lawsuit alleges that Walmart deposited drivers’ pay into accounts with payment platform Branch Messenger without the drivers’ consent.
Walmart, Banking App Forced Delivery Drivers To Pay Millions In 'Junk Fees': CFPB
The agency said that drivers on Walmart's Spark platform couldn't immediately access their earnings without giving the app a cut.
CFPB sues Walmart, fintech partner for illegally opening accounts
The Consumer Financial Protection Bureau sued Walmart and Branch Messenger Inc., claiming they required those in the Spark Driver program to be paid
Walmart Stock Falls as CFPB Sues Over Pay Practices for Delivery Drivers
Walmart stock fell Monday after the Consumer Financial Protection Bureau said it was suing the retailer and its fintech partner, Branch Messenger, for illegally opening deposit accounts for more than one million delivery drivers.
'Treadmill of debt': Consumer protection head sounds off on credit card companies' practices
Consumer Financial Protection Bureau Director Rohit Chopra tells Yahoo Finance that the high interest rates charged by credit ...
Financial Watchdog Alleges Walmart Forced Army of Gig-Worker Drivers to Receive Pay Through High-Fee Accounts
The Consumer Financial Protection Bureau sued Walmart and the payments platform Branch Messenger in federal court in ...
Feds sue Arizona real estate agent and Rocket Homes alleging kickback scheme
The suit alleges The Jason Mitchell Group, headquartered in Scottsdale, encouraged its agents to steer homebuyers toward ...
CFPB’s Chopra sidesteps resignation question
When asked by lawmakers whether he would resign Jan. 20, CFPB Director Rohit Chopra said he serves a five-year term but that ...
'Rohit Sharma is my No.1': Aakash Chopra reveals his Top 5 T20I batters of 2024
Cricketer Aakash Chopra has revealed his top five T20I batsmen of 2024. India's Rohit Sharma tops the list, lauded for his ...
American Banker1d
CFPB sues Rocket Homes, brokerage over kickback scheme
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for ...
Overdraft fees could be capped at $5 under new federal rule
Banking customers could save up to $5 billion per year on overdraft fees under a new rule finalized Thursday by the Consumer ...
HousingWire13d
CFPB defenders Chopra, Warren advocate for bureau in the new Trump era
Chopra and the agency at large were heavily criticized by committee ranking member Sen. Tim Scott (R-S.C.), who cited a letter he submitted to the bureau last month demanding that the CFPB cease ...
Rohit Sharma, Virat Kohli's last Test series? Former India opener says, 'Let's not ...'
Gavaskar Trophy isn't Virat Kohli and Rohit Sharma's last Test series. Both veterans have struggled for runs recently, and ...
JPMorgan Chase, BofA and Wells Fargo Sued For 'Festering' Fraud On Zelle
Federal regulators said the nation's largest banks failed to put safeguards in place for consumers, creating a "gold mine for ...