3min chapter

The Accounting Podcast cover image

Tax Evasion & Spreadsheets: A Lesson From Trump's CFO

The Accounting Podcast

CHAPTER

Chime Is Not a Bank, Right?

Chime, an app that lets users pay with their debit card, has shut down some accounts. The company is trying to automate the process so it can be done more easily in the future. It's a loophole because chime doesn't have to answer regulators like normal banks do. Chimes are attracting people who don't have a lot of money and they're living paycheck to paycheck.

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