Evolve Bank & Trust

Yotta Alleges Theft of Customer Funds in Evolve Lawsuit

Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
Yotta Alleges Theft of Customer Funds in Evolve Lawsuit
September 18, 2024  |  Legal & Regulation

The continued fallout from the collapse of Synapse Financial Technologies has heightened the discussion — and regulatory examination — of how end-user and various types...

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Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
Synapse-Connected Banks Reportedly Closer to Releasing Customer Funds
July 11, 2024  |  Banking

Banks connected to the collapse of Synapse are reportedly close to recovering customers’ frozen funds. Get the Full Story Complete the form to unlock this article and...

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Firms Look to Mitigate Consequences From Data Breaches
Firms Look to Mitigate Consequences From Data Breaches
July 11, 2024  |  Cybersecurity

The interconnected nature of financial systems can have cascading consequences when data is compromised. Get the Full Story Complete the form to unlock this article...

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Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner Bank
June 27, 2024  |  Cybersecurity

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Get the Full Story Complete the form to unlock this...

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Synapse Trustee McWilliams Details New Challenges in Latest Status Report
Synapse Trustee McWilliams Details New Challenges in Latest Status Report
June 24, 2024  |  Legal & Regulation

It’s one step up and two steps back in the case of Synapse Financial’s bankruptcy, with the court-appointed trustee reporting progress Friday (June 21) in...

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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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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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Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
May 28, 2024  |  Banking

At this writing, on Tuesday (May 28), the ripple effects of Synapse’s bankruptcy keep rippling. But with each filing, with the reports that customers can’t...

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