Synapse Bankruptcy news and trends

Evolve Board Terminates CEO After Inappropriate Content Charge
Personnel // October 26, 2025

Evolve Bank & Trust CEO Bob Hartheimer was arrested Thursday in Memphis on felony charges tied to the sexual exploitation of a minor, according to several local reports and court records. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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

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 (BaaS) provider Synapse Financial Technologies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Update: Synapse Bankruptcy Trustee Seeks Chapter 7 or Dismissal
Legal // June 09, 2025

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 the Central District of California to convert the Chapter 11 case to Chapter 7 or, alternatively, dismiss it. The motion...

One Year After Synapse, How Much Have We Really Learned?
Regulation // May 12, 2025

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 a Manic Monday check-in. The weekly question: How manic is this Monday? Get the Full Story Complete the form to...

Interviews & Exclusives
Update: Synapse Bankruptcy Trustee Seeks Chapter 7 or Dismissal

June 09, 2025
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 the Central District of California to convert the Chapter 11 case to Chapter 7 or, alternatively, dismiss it. The motion filed Friday, June 6, highlights the estate’s lack of funds, […]

One Year After Synapse, How Much Have We Really Learned?

May 12, 2025
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 a Manic Monday check-in. The...

Money Mobility Makes Embedded Banking Payments New Rising Star

March 19, 2025
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Get the Full Story Complete the...

Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds

December 02, 2024
The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. Get the Full Story Complete the...

Quick Reads
Synapse Victims to Get $46 Million Repayment From CFPB

December 21, 2025
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 enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]

Evolve Board Terminates CEO After Inappropriate Content Charge

October 26, 2025
Evolve Bank & Trust CEO Bob Hartheimer was arrested Thursday in Memphis on felony charges tied to the sexual exploitation of a minor, according to several local reports and court records. Get...

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

August 21, 2025
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 (BaaS) provider Synapse Financial Technologies....

Report: Democratic Senators Demand Synapse Records From Federal Reserve

April 22, 2025
Four Democratic senators are reportedly demanding the Federal Reserve release records related to last year’s collapse of the FinTech company Synapse. Get the Full Story Complete the form to unlock...