Synapse

FDIC Order Forces Lineage to Rebuild Capital and Earnings

FDIC Order Forces Lineage to Rebuild Capital and Earnings
FDIC Order Forces Lineage to Rebuild Capital and Earnings
July 31, 2026  |  Banking

Lineage Bank, which was a partner bank for Synapse, the banking-as-a-service (BaaS) provider that went bankrupt in 2024, has reached a consent order with the Federal...

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California Says Yotta Misled Customers Before Synapse Collapse
California Says Yotta Misled Customers Before Synapse Collapse
May 19, 2026  |  Legal & Regulation

California regulators have ordered FinTech Yotta Technologies to pay $1 million, adding another enforcement action to the long fallout from the collapse of banking-as-a-service middleman...

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Synapse Victims to Get $46 Million Repayment From CFPB
Synapse Victims to Get $46 Million Repayment From CFPB
December 21, 2025  |  Legal & Regulation

The CFPB has allocated $46 million to victims of Synapse Financial Technology’s collapse. Get the Full Story Complete the form to unlock this article and...

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

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 & Regulation

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  |  Legal & 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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