The amendments to the Bank Act that restrict the use of the words “bank”, “banker” and “banking” (Bank Words) by non-bank entities were recently proclaimed into force and the Office of the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. As first reported by American Banker, Chime Financial has ...

Companies that provide financial services in Canada, including fintech companies and credit unions, should be aware of a provision in the federal Bank Act that restricts their ability to use words ...

The fintech Chime is nearing a deadline to stop implying that it operates as a bank, according to a settlement agreement with California regulators. Processing Content The San Francisco-based company ...

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