CFPB v. Hello Digit, LLC
On August 10, 2022, the Bureau issued a Consent Order against Hello Digit, LLC (“Digit”).
The Bureau found that Digit violated the Consumer Financial Protection Act (CFPA) by misrepresenting to consumers that: (1) its automated-savings tool saved the perfect amount every time and that it would reimburse all overdraft fees caused by the tool; and (2) Digit did not generate revenue from interest accrued on consumer funds held by Digit. The Order requires Digit to pay no less than $68,145 in redress for the first violation and a $2,700,000 civil penalty.
Victim compensation
The CFPB has contracted EPIQ to administer payments for this case and answer consumers' questions. For questions related to this case, please:
- Call: 1 (888) 860-1014
- Email: info@cfpb-hellodigt.org
- Mail: P.O. Box 2755, Portland, OR 97208-2755
- Website: https://www.cfpb-hellodigit.org/
Victim compensation: Important dates
October 15, 2026 – Email Notification
More information about the case
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