Remittance Transfer Rule news and trends

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Chime Inc. Faces CFPB Action for Alleged Deceptive Practices on Sendwave App

October 17, 2023
The Consumer Financial Protection Bureau (CFPB) has taken action against Chime Inc., the operator of the Sendwave mobile app, for deceiving consumers about the speed and cost of remittance transfers. Chime Inc. is not connected to the California-based FinTech Chime Financial. Chime Inc. has also been found guilty of illegally forcing consumers to waive their […]