U.S. sues Walmart, Branch Messenger over payment accounts for delivery drivers [CNBC]
Comerica Incorporated (CMA)
Last comerica incorporated earnings: 4/21 06:34 am
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Source: CNBC
The lawsuit alleges that, since 2021, Walmart and Branch opened Branch accounts for drivers and then deposited drivers' pay into these accounts without the drivers' consent. The lawsuit is the latest in a slew of actions by the CFPB against companies for mishandling consumer and worker financial accounts. The Consumer Financial Protection Bureau filed a complaint Monday against Walmart and work-scheduling platform Branch Messenger for allegedly forcing delivery drivers to use poorly managed and costly deposit accounts in order to get paid. “Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said in a press release. “Companies cannot force workers into getting paid through accounts that drain their earnings with junk fees.” The lawsuit alleges that, since 2021, Walmart and Branch opened Branch accounts for more than 1 million drivers part of the Spark Driver Program, Walmart's platform
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CMA
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- 10/18/24 - Beat
CMA
Sec Filings
- 12/9/24 - Form 8-K
- 12/4/24 - Form 4
- 12/2/24 - Form 4
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