California regulators say neobank Chime has agreed to stop using the words "bank" and "banking" in ads (Cayce Clifford/American Banker)

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Cayce Clifford / American Banker:
California regulators say neobank Chime has agreed to stop using the words “bank” and “banking” in ads  —  The fintech Chime is nearing a deadline to stop implying that it operates as a bank, according to a settlement agreement with California regulators.

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