Fintech Firm Chime to Pay $2.5M Fine Linked to Customer Complaints During COVID Outbreak

The California Department of Financial Protection and Innovation (DFPI) announced that it has entered into a consent order with San Francisco-based Chime Financial, Inc.. The order, which includes “a $2.5 million penalty, resolves DFPI’s investigation regarding the accuracy and responsiveness of Chime’s handling of customer… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged california department of financial protection and innovation, chime, clothilde v. hewlett, dfpi