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Chime is happy to welcome Shara Chang to the corporate as Chief Compliance Officer. Shara brings 15 years of monetary providers, fintech, and shopper safety expertise to Chime. She’s beforehand suggested banks and high-growth firms on regulatory compliance, danger administration, and product growth.
As Chief Compliance Officer, Shara will lead regulatory compliance throughout the corporate. She is going to assist us proceed to earn, preserve, and construct belief with Chime’s constituents—members, financial institution companions, and regulators—as the corporate continues to ship revolutionary merchandise and disrupt the monetary providers business. She is going to report back to Adam Frankel, Chime’s Common Counsel.
“We’re thrilled to welcome Shara Chang to the Chime group as our Chief Compliance Officer. Shara’s breadth of expertise in fintech, shopper safety, and monetary providers make her the proper particular person to make sure compliance stays a core ingredient of our tradition.”
– Adam Frankel, Common Counsel
Previous to becoming a member of Chime, Shara served as Chief Authorized Officer of proptech firm Divvy Properties, the place she oversaw authorized, compliance, and HR. Earlier than Divvy, she was Common Counsel and Chief Compliance Officer at Peach Finance, led a privateness counseling group at Meta, and was the primary Product Counsel at Affirm. In these roles, Shara dealt with authorized and regulatory issues round pricing, advertising, underwriting, shopper expertise, and extra. Earlier in her profession, Shara was within the monetary establishments teams of Cleary Gottlieb and Buckley (now a part of Orrick), the place she suggested fintechs, banks, credit score businesses, and different monetary firms on regulatory compliance and enforcement, performed danger and readiness assessments for banks, constructed grievance packages, and assisted with truthful lending finest practices.
Shara has spoken extensively on compliance, truthful lending, privateness, AI functions, advertising, and DEIB and co-authored a good lending information for financial institution administrators. Shara earned her bachelor and masters levels in Economics from Toronto Metropolitan College and York College, and her JD from Howard College Faculty of Legislation.
“I look ahead to advancing the good work already accomplished at Chime to construct a compliance group that’s dedicated to doing proper by our members and partnering with the enterprise to ship significant monetary providers. I’m excited to see our group drive innovation whereas thoughtfully mitigating danger and bolstering our sturdy tradition of compliance.”
– Shara Chang, Chief Compliance Officer
About Chime
Chime is a monetary know-how firm based on the premise that primary banking providers needs to be useful, straightforward, and free. Chime goals to revenue with customers not from them and has a enterprise mannequin that doesn’t depend on shopper charges equivalent to overdraft, month-to-month service, or minimal steadiness charges. For added info: www.chime.com
Word
Chime is a shopper fintech firm and never a financial institution so we shouldn’t be known as “Chime Financial institution”. Chime companions with The Bancorp Financial institution, N.A. and Stride Financial institution, N.A., Members FDIC, that energy the financial institution accounts utilized by Chime Members.
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