Walmart Forced A Million Workers To Use Bank Accounts With Expensive 'Junk Fees' To Receive Paychecks: Feds

Walmart has supposedly been forcing delivery drivers to access payment through Branch since 2021, opening accounts for the drivers without their consent using personal information such as their Social Security Numbers. (Credit: Latin Times)

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against U.S. retailer Walmart and financial services company Branch for allegedly opening accounts with expensive deposit fees on behalf of its employees.

The CFPB alleges that Walmart forced its "last mile" delivery drivers through Walmart's Spark Driver program to use Branch accounts to access their paychecks, threatening to terminate employees who wouldn't comply with the fintech company's requirements, including its expensive service fees.