"Chime Financial Inc. is exploring how to bring stablecoins into its consumer banking platform, in the latest sign that the new form of money is evolving beyond crypto markets and into everyday payments, according to reporting from Bloomberg. The San Francisco-based fintech asked blockchain technology companies to submit proposals in late spring to provide "end-to-end" stablecoin wallet services, according to the report, citing people familiar with the plans and a document."

"Chime® announced MyPay™ that lets eligible members access up to $500 of their pay, including government benefits, before payday with no interest, no credit check, and no mandatory fees."

"Chime announced a new fee-free cash back feature, Chime Deals™ through a new partnership with Upside."

The California Department of Financial Protection and Innovation (DFPI) announced that it has entered into a consent order with San Francisco-based Chime Financial, Inc. (Chime) which includes a $2.5 million penalty and resolves DFPI’s investigation regarding the accuracy and responsiveness of Chime’s handling of customer service transactions.