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CFPB sues Walmart and fintech
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 administration winds down.
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.
Walmart Stock Falls as CFPB Sues Over Pay Practices for Delivery Drivers
Walmart stock fell Monday after the Consumer Financial Protection Bureau said it was suing the retailer and its fintech partner, Branch Messenger, for illegally opening deposit accounts for more than one million delivery drivers.
Sierra Sun Times
1d
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, ...
JD Supra
20h
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 ...
1d
on MSN
CFPB Sues Rocket Homes Over Alleged Kickback Scheme
The Consumer Financial Protection Bureau has filed suit against Rocket Homes, alleging the real-estate company provides ...
6d
on MSN
Beware Bait-and-Switch Credit Card Rewards Programs Warns CFPB
Some credit card companies with rewards programs may be breaking the law by using bait-and-switch tactics, the Consumer ...
JD Supra
20h
New CFPB Rule Applies Mortgage Standards to Residential PACE Financing
On December 17, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule applying standard mortgage protections to Residential ...
Sierra Sun Times
10d
Consumer Financial Protection Bureau (CFPB) Closes Overdraft Loophole to Save Americans Billions in Fees
Cap their overdraft fee at $5: Under this simple option, covered banks and credit unions could simply cap their fee at $5, ...
ConsumerAffairs
1d
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 ...
American Banker
1d
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 ...
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Rocket Homes
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