Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to present their case
Walmart is being sued by the Consumer Financial Protection Bureau for allegedly forcing over 1 million delivery drivers to use costly deposit accounts through a company called Branch.
The lawsuit claims Walmart threatened drivers with job loss if they didn't use these accounts, which charged excessive fees, totaling over $10 million. The CFPB also alleges that Walmart and Branch opened these accounts without drivers' consent, used their personal information without permission, and misled them about the speed and availability of their pay.
Walmart denies these allegations, stating the lawsuit contains inaccuracies and that the agency did not provide them a fair opportunity to present their side.
Essentially, the core concept is that Walmart is accused of exploiting its delivery drivers through a financially damaging partnership with Branch, forcing them into an unnecessarily expensive payment system while profiting from their disadvantage.
Walmart is being sued by the Consumer Financial Protection Bureau for allegedly forcing over 1 million delivery drivers to use costly deposit accounts through a company called Branch. The lawsuit claims Walmart threatened drivers with job loss if they didn't use these accounts, which charged excessive fees, totaling over $10 million. The CFPB also alleges that Walmart and Branch opened these accounts without drivers' consent, used their personal information without permission, and misled them about the speed and availability of their pay. Walmart denies these allegations, stating the lawsuit contains inaccuracies and that the agency did not provide them a fair opportunity to present their side. Essentially, the core concept is that Walmart is accused of exploiting its delivery drivers through a financially damaging partnership with Branch, forcing them into an unnecessarily expensive payment system while profiting from their disadvantage.
