There has been a lot of talk about the term "bank" this week. Chime has agreed to stop using the term in their marketing after a settlement with The California Department of Financial ProtectionWe bring in an expert in https://www.bond.tech/ (Bond)'s Senior Counsel, https://www.linkedin.com/in/michael-chung-7768125/ (Michael Chung), to discuss. He helps us unpack the nuance in the settlement, what it means for the industry, and how much the term “bank” even matters for the future of fintech.Here are some helpful links with more background:https://dfpi.ca.gov/wp-content/uploads/sites/337/2021/04/Admin.-Action-Chime-Financial-Inc.-Settlement-Agreement.pdf (The Settlement Agreement)https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/ronshevlin/2021/05/10/if-chime-isnt-a-bank-then-what-is-it/amp/ (If Chime Isn't a Bank, Then What Is It?) by https://www.linkedin.com/in/ronshevlin/ (Ron Shevlin) in Forbeshttps://techcrunch.com/2021/05/05/chime-has-agreed-to-stop-using-the-word-bank-after-a-california-regulator-pushed-back/ (Chime has agreed to stop using the word 'bank' after California regulator pushed back )by https://twitter.com/cookie (Connie Loizos) in TechCrunch

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