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Violation Tracker Individual Record

Company: Hello Digit, LLC
Penalty: $2,700,000
Year: 2022
Date: August 10, 2022
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: The Consumer Financial Protection Bureau fined Hello Digit, LLC, a financial technology company, $2.7 million for using a faulty algorithm that caused overdrafts and overdraft penalties for customers.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.