CFPB Levies $3.25 Million Penalty Against Chime for Delayed Refunds
The Consumer Financial Protection Bureau (CFPB) has taken action against online payments processor Chime for failing to return funds to ...
Tag: Refunds
Discover insights on refunds in the financial sector, covering regulatory actions, such as CFPB’s penalty on Chime for delayed refunds, and innovations like Clik2pay’s new refund capabilities. Learn how real-time payment systems are expected to evolve and streamline refund processing for consumers. Explore how financial institutions are balancing fees and protections to improve the customer experience in handling refunds and purchase protections.
How the Real-Time Payments System Will Evolve in the U.S.
Real-time payments (RTP) continue to become more of a part of everyday life for consumers. While RTP systems are more ...
Clik2pay Extends Capabilities with New Refund Feature
Toronto, ON, December 13, 2021 - Payment service provider Clik2pay continues to improve their feature set with the announcement of ...
Will Financial Institutions Raise Fees in 2021?
The financial turmoil brought on by the pandemic sees no end, specifically in regards to bank and credit card fees. ...
Would You Pay 3% for Purchase Protection?
P2P apps remind users that they should only transact with people they know, but of course users will transact with ...
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