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Chime Stops Using Word ‘Bank’ After Pushback

Chime has been forced to ditch the use of the word “bank” in describing its services as it is not properly licensed, a court filing for a settlement agreement with the California Department of Financial Protection and Innovation stated.
Instead, Chime is a FinTech working with banking partners to provide consumer-oriented banking products

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Chime Stops Using Word ‘Bank’ After Pushback

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