Synapse Financial Technologies

CFPB Sues Synapse, Seeking to Compensate Victims From Civil Penalty Fund

CFPB Sues Synapse, Seeking to Compensate Victims From Civil Penalty Fund
CFPB Sues Synapse, Seeking to Compensate Victims From Civil Penalty Fund
August 21, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) aims to provide compensation from its Civil Penalty Fund to consumers harmed by the actions of the now-bankrupt banking-as-a-service...

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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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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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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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Synapse Financial Credit Division Loses Lending License
Synapse Financial Credit Division Loses Lending License
July 30, 2024  |  Regulation

Warren Buffett once remarked that it’s when the tide goes out that you find out who’s been swimming naked. Get the Full Story Complete the...

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Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
Synapse Saga Emphasizes Tangled Web Between FinTechs, Middlemen and Sponsor Banks
May 10, 2024  |  Acquisitions

In biology, a synapse is essentially a conduit, a place in the brain where neurons connect and communicate. Get the Full Story Complete the form...

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