3 ms·
One issue is that, as stated in the article, Chime seems to be much worse and have an order of magnitude more complaints per customer than actual banks. The ot
by shkkmo 5y ago
One issue is that, as stated in the article, Chime seems to be much worse and have an order of magnitude more complaints per customer than actual banks.
The other issue is that Chime is not legally a bank so is not regulated in the same way that banks are.
- the_snooze 5y ago>The other issue is that Chime is not legally a bank so is not regulated in the same way that banks are. "The rules don't apply to us" is one hell of an unfair advantage to tout on a VC pitch deck.