Digit

3 results about this entity

Period: 03 Dec 2020 - 11 Aug 2022

/regulation

Hello Digit fined $2.7m after algo caused customers overdraft fees

The Consumer Financial Protection Bureau has fined Hello Digit and ordered the automated savings app to pay damages to customers after finding that a faulty algorithm wrongfully took money from users' checking accounts leading to overdraft penalties.

/retail

Opportun acquires US neobank Digit

Just weeks after withdrawing its application for a US bank charter, consumer lender Opportun has agreed a $213 million deal to acquire neobank Digit.

/wealth

Digit moves into robo-investing

San Francisco-based money management and savings startup Digit has added an automatic investing tool to its app.