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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
As a result of @CFPB action, more than 118,000 people who were falsely promised lower interest rates and larger loan amounts if they moved up the “LendUp Ladder” will receive checks in the mail this month. The total distribution is nearly $40 million. https://t.co/oXf7jqjUGk
Digital Bank Chime Fined $3.25 Million For Delays In Returning Customer Funds https://t.co/kEOIGfOikV https://t.co/h9Sa5Mwtr0
Chime fined $3.25 million for delays in returning customer funds: https://t.co/eKXmiIoyUj https://t.co/KuxR0VHpO4
The Biden administration has imposed a fine of $4.55 million on the online banking group Chime for failing to issue timely refunds to customers who had closed their accounts. This regulatory action, affecting over 118,000 customers, highlights ongoing concerns regarding digital banking services and consumer rights.
