CFPB fines Chime $3.25 million | Bank Automation News

Chime Financial was fined $3.25 million today by the Consumer Financial Protection Bureau for the digital bank’s failure to issue refunds to consumers in a timely manner. According to Chime’s refund policy, the company requires him to issue refunds to consumers within 14 days. The CFPB found that Chime did not comply with this policy and that this policy (…)