bankruptcy

Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future

Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
Making Sense of For Benefit Accounts (FBOs) and FinTech’s Future
June 17, 2024  |  Legal & Regulation

The recent Synapse bankruptcy represents one of the biggest implosions in the FinTech sector’s history. Get the Full Story Complete the form to unlock this...

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Evolve Was Served a Cease-and-Desist Order — Now What?
Evolve Was Served a Cease-and-Desist Order — Now What?
June 17, 2024  |  Bank Regulation

The Federal Reserve Board issued a “cease and desist” order against Evolve Bancorp and its subsidiary, Evolve Bank & Trust, that may have a chilling effect...

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QED Investors’ Gerety Says BaaS Model May Be Stronger Without Synapse
QED Investors’ Gerety Says BaaS Model May Be Stronger Without Synapse
June 17, 2024  |  Banking

The Synapse bankruptcy saga continues to rock the BaaS world, marked by last week’s revelation of $85 million in missing funds. The plot thickened last...

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Is Former Synapse CEO Already Moving on With a Robotics Startup?
Is Former Synapse CEO Already Moving on With a Robotics Startup?
June 13, 2024  |  Business

To paraphrase a famous F. Scott Fitzgerald quote, there are no second acts in life. Get the Full Story Complete the form to unlock this...

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SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
SEC Seeks Federal Judge’s Approval of Settlement With Terraform Labs
June 12, 2024  |  Legal & Regulation

The Securities and Exchange Commission reportedly asked a federal judge Wednesday (June 12) to approve a settlement with Terraform Labs. Get the Full Story Complete...

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Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
June 12, 2024  |  Legal & Regulation

If there’s a surety in FinTech, and particularly within banking as a service, it’s that there will be more regulations. Get the Full Story Complete...

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Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
Synapse Hearing Highlights Frustration With Banking-as-a-Service Complexities
June 10, 2024  |  Legal & Regulation

The drama surrounding the Synapse Financial bankruptcy continued Friday (June 7) with an afternoon court hearing in California’s Central District Bankruptcy Court, although the case...

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Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
Synapse Bankruptcy Trustee Finds $85 Million ‘Shortfall’ Amid Tangled Web of Accounts
June 07, 2024  |  Legal & Regulation

Former Federal Deposit Insurance Corp. Chair Jelena McWilliams will present her initial findings as trustee of Synapse’s Chapter 11 bankruptcy case Friday afternoon (June 7)....

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