Synapse bankruptcy

Fed Issues Action Against Lineage Financial Separate from Synapse Case

Fed Issues Action Against Lineage Financial Separate from Synapse Case
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024  |  Bank Regulation

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. Get the Full Story Complete the...

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Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
December 02, 2024  |  Bank Regulation

The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. Get...

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New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at Other Banks
November 27, 2024  |  Legal & Regulation

Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were...

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Synapse BaaS Platform Slated for Bankruptcy Sale
Synapse BaaS Platform Slated for Bankruptcy Sale
October 27, 2024  |  Connected Economy

 The assets of bankrupt Banking-as-a-Service (BaaS) provider Synapse are going up for sale next month. Get the Full Story Complete the form to unlock this...

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Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
Evolve to Begin Returning Funds to Synapse Brokerage End Users in November
October 23, 2024  |  Banking

Evolve Bank & Trust said Wednesday (Oct. 23) that it expects to begin returning funds it holds to Synapse Brokerage end users impacted by the...

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Evolve to Return Funds to Synapse Brokerage End Users
Evolve to Return Funds to Synapse Brokerage End Users
October 20, 2024  |  Banking

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by...

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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 Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
September 16, 2024  |  Legal & Regulation

The latest court filing from the trustee overseeing the Chapter 11 bankruptcy of Synapse Financial Technologies illustrates the progress — months in the making, incremental...

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