Synapse

FINRA Hits Synapse Execs With Misconduct Claims
FINRA Hits Synapse Execs With Misconduct Claims
September 03, 2025  |  Legal

The Financial Industry Regulatory Authority (FINRA) is reportedly investigating misconduct allegations against two former executives of collapsed banking-as-a-service (BaaS) provider Synapse Financial Technologies. Get the...

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Synapse Faces CFPB Over Fund Reconciliation Gaps
Synapse Faces CFPB Over Fund Reconciliation Gaps
August 22, 2025  |  CFPB

The Consumer Financial Protection Bureau’s Thursday (Aug. 21) lawsuit against Synapse Financial Technologies highlights the accurate tracking and reconciliation of consumer funds within the evolving...

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CFPB Moves to Keep Synapse Case Alive for Consumer Relief
CFPB Moves to Keep Synapse Case Alive for Consumer Relief
June 23, 2025  |  CFPB

Reports of the Consumer Financial Protection Bureau’s death have been exaggerated. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Update: Synapse Bankruptcy Trustee Seeks Chapter 7 or Dismissal
Update: Synapse Bankruptcy Trustee Seeks Chapter 7 or Dismissal
June 09, 2025  |  Legal

The end might be near for the Synapse bankruptcy case. Jelena McWilliams, the court-appointed Chapter 11 trustee has formally requested the U.S. Bankruptcy Court for...

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One Year After Synapse, How Much Have We Really Learned?
One Year After Synapse, How Much Have We Really Learned?
May 12, 2025  |  Regulation

Welcome to another edition of Washington Weekly, the series in which PYMNTS CEO Karen Webster and QED Investors partner Amias Gerety start their conversation with...

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Report: Democratic Senators Demand Synapse Records From Federal Reserve
Report: Democratic Senators Demand Synapse Records From Federal Reserve
April 22, 2025  |  Bank Regulation

Four Democratic senators are reportedly demanding the Federal Reserve release records related to last year’s collapse of the FinTech company Synapse. Get the Full Story...

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Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
April 14, 2025  |  Legal

The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena...

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Money Mobility Makes Embedded Banking Payments New Rising Star
Money Mobility Makes Embedded Banking Payments New Rising Star
March 19, 2025  |  Banking

The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get...

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Evolve to Disburse More Funds Tied to Synapse Bankruptcy
Evolve to Disburse More Funds Tied to Synapse Bankruptcy
March 04, 2025  |  Bank Regulation

Evolve Bank & Trust said Tuesday (March 4) that it is set to return some funds to end users impacted by the Synapse bankruptcy but...

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