Market
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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No • 50%
Yes • 50%
Yes • 50%
No • 50%
Case ongoing • 25%
Banks win • 25%
CFPB wins • 25%
Settlement reached • 25%
Case dismissed • 25%
Banks/Zelle win • 25%
CFPB wins • 25%
Settlement reached • 25%
No • 50%
Yes • 50%
Ongoing litigation • 25%
Court ruling in favor of CFPB • 25%
Settlement reached • 25%
Court ruling in favor of banks • 25%
Neutral stance • 25%
Opposes PepsiCo • 25%
Supports PepsiCo • 25%
No official response • 25%
Wells Fargo • 25%
No penalties imposed • 25%
JPMorgan Chase • 25%
Bank of America • 25%
Negotiation for settlement • 25%
No significant action • 25%
Public apology and compensation • 25%
Aggressive defense • 25%
Yes • 50%
No • 50%
More than $870 million • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $870 million • 25%