LexRegPulse Daily - Sep 9, 2026
Alex here. This is LexRegPulse Daily for Wednesday, September 9, 2026.
Chime is buying its own bank charter. The company agreed Tuesday to pay $590 million cash for Central Service Corporation, parent of Stride Bank — the same bank that's held Chime's deposits for seven years as its sponsor. Chime called it faster than applying for a charter from scratch, and it strips out partner-bank fees while lowering funding costs for its lending business. Chime shares rose 11% on the news. For every sponsor bank running one large fintech program, there's now a public price tag on what that program is…
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