CFPB v. Chime Financial, Inc.

Chime Financial, Inc. reportedly failed to refund consumers’ balances within 14 days in thousands of instances, including thousands of instances when Chime failed to issue consumer refunds within 90 days, according to the CFPB. The Bureau found that Chime’s conduct was unfair in violation of the Consumer Financial Protection Act of 2010.

Summary generated from official Consumer Financial Protection Bureau press release