Chased reports for point of rebuke (7)
I believe the answer is:
chasten
'rebuke' is the definition.
(chastening is a kind of rebuking)
'chased reports for point' is the wordplay.
'reports for' indicates a 'sounds like' (homophone) clue (I've seen 'report for' mean this).
'point' becomes 'n' (N is an example).
'chased' is a homophone of 'chaste'.
'chaste'+'n'='CHASTEN'
'of' is the link.
(Other definitions for chasten that I've seen before include "Moderate" , "Suppress" , "Censure severely" , "Humble" , "Subdue, correct by punishing" .)