US digital banking giant with 12 million customers forced by regulator to stop using „bank”

The fintech Chime is nearing a deadline to stop implying that it operates as a bank, according to a settlement agreement with California regulators, American Banker reports. The San Francisco-based company was using “chimebank” in its website address, allegedly in violation of a state law that is meant to prevent businesses from misleading the public, according to […] The post US digital banking giant with 12 million customers forced by regulator to stop using „bank” appeared first on NOCASH ® de 19 ani.

US digital banking giant with 12 million customers forced by regulator to stop using „bank”

The fintech Chime is nearing a deadline to stop implying that it operates as a bank, according to a settlement agreement with California regulators, American Banker reports. The San Francisco-based company was using “chimebank” in its website address, allegedly in violation of a state law that is meant to prevent businesses from misleading the public, according to […]

The post US digital banking giant with 12 million customers forced by regulator to stop using „bank” appeared first on NOCASH ® de 19 ani.