CFPB sues Walmart, Branch Messenger for illegally opening deposit accounts

WASHINGTON (Reuters) - The Consumer Financial Protection Bureau said on Monday it was suing Walmart (NYSE:WMT ) and Branch Messenger for forcing delivery drivers to use costly deposit accounts to get paid and for deceiving workers.

In a statement, the bureau alleged the two companies opened Branch accounts for Spark Drivers. Walmart then deposited drivers' pay into these accounts without their consent, it said.

Source: Investing.com