US consumer watchdog fines Chime $3.25 million for delaying refunds
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Digital bank Chime will pay a penalty of $3.25 million to the U.S. Consumer Financial Protection Bureau (CFPB) for failing to issue timely refunds to customers who closed their accounts, and will return at least $1.3 million to customers, the regulator said on Tuesday. WHY IT'S IMPORTANTThe fine is
    • DarkNightoftheSoulEnglish
      9·
      6 months ago

      If the fine is less than they earned stole, it’s just a tax on a legitimate practice.

      • colforge@lemmy.world
        5·
        6 months ago

        According to the article, customers who had refunds of $10 or more that got delayed received payouts of at least $150 in addition to the fine so it seems like at least this time the customers were made whole.