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.
Walmart illegally opened bank accounts for over 1 million drivers, CFPB alleges
The Consumer Financial Protection Bureau sued Walmart and fintech company Branch Messenger for allegedly forcing more than a million delivery workers to use expensive deposit accounts to access their paychecks,
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.
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 ...
The CFPB vs. Checking Accounts
The rule on overdraft fees is ripe for the GOP Congress to overturn.
'Rohit Sharma is my No.1': Aakash Chopra reveals his Top 5 T20I batters of 2024
Former India cricketer Aakash Chopra has unveiled his top five T20I batters of 2024, with India's T20 World Cup-winning ...
Federal watchdog sues Rocket Companies' subsidiary for alleged kickbacks
The Consumer Financial Protection Bureau lawsuit is against Rocket Homes, although also cites Rocket Mortgage and title ...
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 ...
Feds sue Zelle, alleging that nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Zelle and America’s biggest banks are being sued for putting your funds at risk
The CFPB has filed a lawsuit against Zelle and three major US banks over allegations of failing to adequately protect ...
American Banker8d
Chopra calls on FDIC to step up AML enforcement after TD case
Consumer Financial Protection Bureau Director Rohit Chopra took the latest whack at the issue Tuesday, proposing that the Federal Deposit Insurance Corp. initiate deposit-insurance termination ...
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Student loan service providers face new allegations of illegal practices
Student loan servicers are facing new allegations of illegal practices in a new report from the Consumer Financial Protection ...
Consumer Financial Protection Bureau sues big banks over 'widespread' fraud on Zelle app
The CFPB said the banks violated federal law through critical failures, alleging they ignored red flags that could have prevented fraud.