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Chime is paying $590m for its own sponsor bank

Chime will pay $590m for Stride Bank, its sponsor of seven years, and rename it Chime Bank. Closing needs OCC and Federal Reserve approval.

Sources (1)· Sep 9, 3:25 PM

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TNW· Sep 9, 3:25 PMChime is paying $590m for its own sponsor bank

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Why consumers may benefit if rates stay higherAs the Trump administration ramps up pressure on the Federal Reserve, consumers may be better served if senior officials back off, experts say.

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How much can a credit card hardship program lower your monthly payment?A hardship plan could make your monthly credit card bill easier to manage, but the savings can vary widely.

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America's Credit Unions President Scott Simpson Warns of Less Secure Payment Systems if Credit Card Competition Act PassesAmerica's Credit Unions is sounding the alarm about a bill that Sens. Dick Durbin (D-IL) and Roger Marshall (R-KS) are trying to pass.

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New York Post28d agoWhole story →

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Spokane Spokesman-Review29d agoWhole story →

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Since

Shana Reid recognized for empowering women in the CSRAShana Reid of SRP Federal Credit Union was honored with the 2026 Woman Who EmpowHers Award for her leadership.

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Stablecoin industry comes of age: XREX Group hosts Stablecoin Summit 2026 in Singapore with Curve and BridgeThe U.S. Senate’s recent cloture vote on the CLARITY Act fell short of the threshold needed to advance the bill, underscoring the still-evolving path toward greater regulatory clarity for digital assets

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House China committee chair urges Fed to review Hong Kong’s access to dollar lifelineRep. John Moolenaar wants the Fed to rethink Hong Kong’s access to a dollar-liquidity facility as China promotes the yuan as a global currency.

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New York Fed says supply chain pressures rose last month relative to AugustSupply chain pressures heated up modestly in September, a report said from the ‌Federal Reserve Bank of New York on Tuesday.

Reuters1d agoWhole story →

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Fed plans to overhaul bank supervision responsibilities, Bowman saysThe Federal Reserve plans to overhaul how it supervises US banks, restructuring ‌its model with a new one that will be more accountable to Washington, the central bank's top regulatory official said on Tuesday.

Reuters1d agoWhole story →

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