SF-based fintech Chime has agreed to cease utilizing the phrase "financial institution", based on a settlement settlement with California regulators (Cayce Clifford/American Banker)

Cayce Clifford / American Banker:

SF-based fintech Chime has agreed to cease utilizing the phrase “financial institution”, based on a settlement settlement with California regulators  —  The fintech Chime is nearing a deadline to cease implying that it operates as a financial institution, based on a settlement settlement with California regulators.