NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, ...
The Consumer Financial Protection Bureau (CFPB) designated $46.2 million from its Civil Penalty Fund in order to reimburse ...
Partnerships between organizations end all the time. Sometimes it’s amicable, and sometimes it’s complicated. In the instance of Synapse and Evolve, it was complicated. Synapse operates a platform ...
Unless the new administration squashes it, soon banks and fintechs will need to work with the FDIC's so-called Synapse rule, which would require them to ensure that the balances of custodial deposit ...
The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that ...
Dakota Asselyn, a supply chain specialist for Northrop Grumman, started using Yotta's savings app in September 2020, around the time influencer Graham Stephan was promoting it as an alternative to ...
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