April 21, 2022
Chime Financial, Inc. (“Chime”) is pleased to submit this statement for the record on the Subcommittee on Consumer Protection and Financial Institution’s hearing on, “The End of Overdraft Fees? Examining the Movement to Eliminate the Fees Costing Consumers Billions.” Chime thanks Chairman Perlmutter and Ranking Member Luetkemeyer for holding this important hearing and offers our strong support for the Subcommittee’s goal of ensuring that consumers have access to high quality and transparent financial products. Chime has always believed eliminating overdraft fees is the right thing to do, which is why Chime has led on fee-free overdraft since 2018.