Sen. Brown Presses CFPB to Address Risks to Consumers From Fintechs Like Chime
July 28, 2021
July 28, 2021
WASHINGTON, July 28 -- Sen. Sherrod Brown, D-Ohio, issued the following news release on July 27, 2021:
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio pressing him to address the risks to consumers from Chime, a nonbank fintech.
"Chime's abrupt, involuntary closures of its customers' accounts--and locking th . . .
U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, sent a letter to Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio pressing him to address the risks to consumers from Chime, a nonbank fintech.
"Chime's abrupt, involuntary closures of its customers' accounts--and locking th . . .