Walmart(US:WMT) Prnewswire·2025-02-04 21:25Core Viewpoint - Walmart Inc. is under investigation for potential securities fraud and unlawful business practices related to its payment systems for delivery drivers [1][2] Group 1: Legal Issues - The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Walmart and Branch Messenger for allegedly forcing delivery drivers to use costly deposit accounts for payment [2] - The lawsuit claims that Walmart misled "last mile" drivers in its Spark Driver program regarding the necessity of using Branch accounts to receive their earnings [2] - Drivers reportedly incurred over $10 million in fees to transfer their earnings to accounts of their choice due to the complex process imposed by Walmart and Branch [2] Group 2: Market Reaction - Following the announcement of the CFPB lawsuit on December 23, 2024, Walmart's stock price experienced a significant decline during intraday trading [2]