Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that the nonbank company illegally delayed customer refunds when customers closed their accounts, withholding these balance...
The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed reality (MR), augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) initiatives — is...
As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an initial public offering next year means some is mulling in store for investors. They might be well-served in pondering some...
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line of credit, members can access up to $200 in fee-free SpotMe coverage when using their...
May 15, 2024
Chime will soon add an earned wage access offering called MyPay to its banking app. The FinTech company has opened a waitlist for MyPay and will begin onboarding “soon,” according to a Wednesday (May 15) press release. With MyPay, qualifying Chime members will be able to access between $20 and $500 of their pay before […]
May 07, 2024
Chime Financial will pay at least $1.3 million in redress to consumers and $3.25 million in penalties as part of a settlement with the Consumer Financial Protection Bureau (CFPB). The CFPB found that...
March 25, 2024
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line...
March 22, 2024
Chime Financial reportedly plans to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet engaged banks for...
