
PRESS & AWARDS
PRESS
Innovate and speak all over the world, and the press and industry take note.
If Chime Isn’t a Bank, Then what is it?
According to Dara Tarkowski, Managing Partner at Actuate Law:
“Labels matter. Regulators care about what you call yourself, your products and your services. If you use a label—even casually—that a regulator thinks will deceive or mislead a consumer, you are venturing into the land of UDAAP and consent decrees. So if you don’t hold a charter, don’t call yourself a bank. What is the impact on consumers? Probably not all that much. But that’s not the point.”
