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How will Walmart and Branch Messenger's payment practices change by mid-2025 due to CFPB lawsuit?
3
Resolution / Starting Odds
Significant changes implemented • 25%
Minor changes implemented • 25%
No changes implemented • 25%
Other outcomes • 25%
Official announcements from Walmart or Branch Messenger regarding changes in payment practices
Story
CFPB Sues Walmart and Branch Messenger for Coercing Drivers into Costly Accounts, Resulting in Over $10M in Fees
Dec 23, 2024, 02:40 PM
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Walmart Inc. and Branch Messenger, alleging that they coerced delivery drivers into using costly deposit accounts without their consent. The lawsuit claims that these practices resulted in over $10 million in fees for the drivers, who faced delays and misleading payment practices. The CFPB stated that the lawsuit addresses the deceptive tactics used to force gig economy drivers to access their earnings through these accounts. This legal action highlights concerns over the treatment of 'last-mile' delivery drivers and their financial well-being.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Banks win • 25%
CFPB wins • 25%
Settlement reached • 25%
Case ongoing • 25%
CFPB wins • 25%
Banks/Zelle win • 25%
Settlement reached • 25%
Case dismissed • 25%
Yes • 50%
No • 50%
Settlement reached • 25%
Court ruling in favor of CFPB • 25%
Court ruling in favor of banks • 25%
Ongoing litigation • 25%
Continue current policy • 25%
Modify to include race and gender • 25%
Modify to exclude race and gender • 25%
No policy in place • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Wells Fargo • 25%
No penalties imposed • 25%