Walmart accused of illegally forcing over 1 million of its drivers to open bank accounts
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Walmart called the lawsuit factually inaccurate and said the agency didn’t give the company a fair chance to present their case. The Consumer Financial Protection Bureau is suing Walmart and a finance company, arguing they forced delivery drivers to fork over junk fees for “costly” deposit accounts and used their personal information without their consent.
![[Walmart and Branch also opened deposit accounts using drivers’ personal information without their consent, the federal agency argued]](https://static.independent.co.uk/2024/12/24/16/GettyImages-2025875865-%281%29.jpg)
The agency argues Walmart told drivers they must use Branch Accounts — which it labeled a “costly and risky product” — or lose their jobs. “Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said in a statement.
The agency further argued that Walmart and Branch “opened accounts for new drivers by using drivers’ information, including their Social Security numbers, without obtaining the drivers’ consent.”. The two companies also deceived workers about when they would get their funds, the lawsuit argues, promising instant access to pay even though many employees experienced delays or paid fees to transfer their funds to other accounts.
A Walmart spokesperson said the lawsuit contained several inaccuracies and accused the agency of never allowing Walmart a “fair opportunity to present its case.”. “The CFPB’s rushed lawsuit is riddled with factual errors and contains exaggerations and blatant misstatements of settled principles of law,” the spokesperson told The Independent in a statement.
