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CFPB sues Walmart and fintech
CFPB Sues Walmart, Branch Messenger for Pay Practices for ‘Last-Mile’ Drivers
The lawsuit alleges that Walmart deposited drivers’ pay into accounts with payment platform Branch Messenger without the drivers’ consent.
CFPB Sues Walmart, Fintech for Illegally Opening Accounts (3)
Walmart Inc. and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers of the world’s largest retailer without their consent, a US consumer protection agency said on Monday.
CFPB sues Walmart, fintech partner for illegal account openings
“Walmart made false promises, illegally opened accounts, and took advantage of more than a million delivery drivers,” CFPB Director Rohit Chopra said. Neither Walmart nor Branch Messenger immediately responded to a request for comment.
CFPB, Rocket Homes
CFPB sues Rocket Homes, brokerage over kickback scheme
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
Rocket Homes gave kickbacks to realtors for homeowner loans, CFPB alleges
Lender Rocket Homes gave kickbacks to real estate brokers and agents to get homebuyers to sign up for its loans, the Consumer Financial Protection Bureau a
Feds sue Arizona real estate agent and Rocket Homes alleging kickback scheme
The suit alleges The Jason Mitchell Group, headquartered in Scottsdale, encouraged its agents to steer homebuyers toward Rocket Mortgage products.
JD Supra
19h
CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices
On December 18, 2024, the Consumer Financial Protection Bureau (the “CFPB”) issued a circular to other law enforcement agencies warning that ...
Sierra Sun Times
23h
Consumer Financial Protection Bureau (CFPB) Files Lawsuit to Stop Illegal Kickback Scheme to Steer Borrowers to Rocket Mortgage
The CFPB’s lawsuit against Rocket Homes, The Mitchell Group, and Jason Mitchell seeks a stop to alleged unlawful conduct, ...
6d
on MSN
CFPB warns of illegal credit card rewards practices
The federal Consumer Financial Protection Bureau Wednesday warned law enforcement agencies that some credit card companies ...
JD Supra
19h
CFPB Adjusts HPML Asset Exemption Threshold
The CFPB recently issued a final rule increasing the asset exemption threshold for the Truth in Lending Act (TILA) requirement to maintain an ...
Crowdfund Insider
3d
CFPB Claims Regarding Zelle Losses May Be Exagerated
Earlier this week, the Consumer Financial Protection Bureau (CFPB) announced a lawsuit targeting the big banks that launched ...
3d
on MSN
Zelle payment fraud gets major banks sued by the CFPB
The CFPB is suing the fintech firm Early Warning Services — the bank-owned company that runs Zelle — as well as JPMorgan ...
3d
CFPB Director: Wall Street wants a lap dog, not a watchdog
After The Great Recession, the government set up the Consumer Financial Protection Bureau — an independent bureau to protect the consumer from abuses by financial institutions and companies. Now there ...
1d
Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access
The Consumer Financial Protection Bureau has filed a flurry of suits against major U.S. firms in recent months as the Biden ...
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Related topics
Consumer Financial Protection Bureau
Branch Messenger
Rocket Homes
Walmart
Zelle
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