Federal regulators have filed a lawsuit against Walmart and financial technology company Branch claiming that more than 1 million delivery drivers were pushed into accounts they never consented to open.
The Consumer Financial Protection Bureau (CFPB) announced on Dec. 23 that it was taking action against Walmart and Branch for allegedly violating federal consumer financial protection laws.
According to the lawsuit, filed in the U.S. District Court for the District of Minnesota, the retail giant opened deposit accounts for its Spark Driver program through Branch without the knowledge or explicit permission of the drivers, requiring them to accept the accounts as a condition of employment….