Walmart and Fintech Partner Accused of Opening Costly Accounts Without Drivers' Consent

Investing.com -- A U.S. consumer protection agency has accused Walmart Inc. and financial technology partner Branch Messenger Inc. of opening costly bank accounts without approval for delivery drivers. The allegations were raised on Monday by the Consumer Financial Protection Bureau (CFPB). According to the CFPB, Walmart and Branch Messenger required delivery drivers to receive their payments through these expensive accounts. As a result of these claims, the consumer protection agency filed a lawsuit against both companies in the U.S. District Court for the District of Minnesota. CFPB Director Rohit Chopra stated that Walmart made false promises, unlawfully opened accounts, and exploited more than one million delivery drivers. At the time the news was published, neither Walmart nor Branch Messenger had responded to the allegations or requests for comment.

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