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US consumer watchdog fines Chime $3.25 million for delaying refunds - CNA

www.channelnewsasia.com US consumer watchdog fines Chime $3.25 million for delaying refunds

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

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