CFPB Announces Action Against Fintech Firm Chime for “Illegally” Delaying Consumer Refunds
The Consumer Financial Protection Bureau (CFPB) took action against Chime Financial for allegedly “failing to give consumers timely refunds when their accounts were closed.” Thousands of consumers waited for weeks or even months “for balance refunds after closing their accounts – a failure that inflicted… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged bureau of consumer financial protection, cfpb, chime, neobank