Why the government is suing Walmart
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 24 December 2024
⏱️ 9 minutes
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Summary
The Consumer Financial Protection Bureau is accusing Walmart and the fintech firm Branch Messenger of cheating some Walmart gig workers — the drivers who take packages the “last mile” from Walmart stores to customers’ homes. The CFPB sued the two companies yesterday. Also on today’s show: We’ll hear the latest updates on an elite college antitrust suit and what it reveals about the advantage of wealth.
Transcript
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| 0:55.5 | Why the government is suing Walmart. |
| 0:59.3 | From Marketplace, I'm Sabri Beneshore, in for David Brancaccio. |
| 1:02.7 | The Consumer Financial Protection Bureau is accusing Walmart and the fintech firm branch messenger |
| 1:07.7 | of cheating some Walmart gig workers. |
| 1:10.4 | The CFPB sued the two companies yesterday |
| 1:12.6 | as Marketplace's Nancy Marshall-Genzor reports. The CFPB complaint involves gig drivers who take |
| 1:18.5 | packages the last mile from Walmart stores to customers' homes. The complaint says Walmart and |
| 1:24.6 | Branch opened the branch accounts using the driver's social security |
| 1:28.2 | numbers without their consent and told them they had to use Branch in order to get paid |
| 1:33.2 | and workers who refused would be fired. The CFPB says drivers had to go through a complex process |
| 1:39.9 | to get their money and face delays or fees if they transferred the money into a different account. |
| 1:46.0 | The agency says the drivers wound up paying more than $10 million in fees to immediately transfer |
| 1:51.9 | their money. Walmart and Branch Messenger both told Reuters they reject the accusations in the |
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