"And of course there's a binding arbitration agreement, requiring all arbitration actions to be on an individual basis." The CFPB Arbitration Rule "prohibits c

"And of course there's a binding arbitration agreement, requiring all arbitration actions to be on an individual basis." The CFPB Arbitration Rule "prohibits covered providers of certain consumer financial products and services from using an agreement with a consumer that provides for arbitration of any future dispute between the parties to bar the consumer from filing or participating in a class action concerning the covered consumer financial product or service." [1] I also have this vague recollection of a story recently about a law firm filing large numbers of arbitration complaints against companies, resulting in very large bills for those companies, because they are required to pay for an authorized arbitrator for each and every arbitration complaint. Unfortunately, I can't find the link to the story. So it sounds as if the people being ripped off by Chime do have some recourse, if they can just get together with a law firm that specializes in class action lawsuits. [1] https://www.consumerfinance.gov/rules-policy/final-rules/arbitration-agreements/ https://www.consumerfinance.gov/rules-policy/final-rules/arb...