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CFPB sues Walmart, fintech partner for deceiving drivers, charging ‘junk fees’
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Consumer Protection, Nonbank Financial
Friday, December 27, 2024
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Continuing its crackdown on “junk fees” and fintechs that violate federal consumer protection laws, the Consumer Financial Protection Bureau (CFPB) filed suit against Walmart and Branch Messenger for illegally forcing delivery drivers to use costly deposit accounts to receive earnings. Branch is the second partner of Evolve Bank & Trust named in a CFPB enforcement action this year.
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