CFPB Sues Walmart, Financial Tech Firm Over Delivery Driver Accounts

More than 1 million drivers were pushed into accounts they never approved, the suit says, an allegation that Branch calls a ‘clear overreach.’

Shoppers walk to a Walmart store in Vernon Hills, Ill., on March 28, 2023. Nam Y. Huh/AP Photo

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.