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Posted inRegulatory Enforcement

CFPB fines Chime $3.25M over account refund delays

by Jeff Dale May 7, 2024June 3, 2024

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The Consumer Financial Protection Bureau (CFPB) ordered Chime Financial to pay $3.25 million in penalties for allegedly delaying consumer refunds past its promised 14-day timeframe.

Chime agreed to pay at least $1.3 million in redress to harmed consumers in reaching settlement, the CFPB announced in a press release Tuesday.


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