Synapse news and trends

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...

Report: Democratic Senators Demand Synapse Records From Federal Reserve
Bank Regulation // 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 this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion
Legal // April 14, 2025

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 McWilliams filed a status report with the Central California Bankruptcy Court that laid the ground for dismissal or conversion of...

Interviews & Exclusives
CFPB Moves to Keep Synapse Case Alive for Consumer Relief

June 23, 2025
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 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 from PYMNTS […]

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...

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...

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion

April 14, 2025
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 McWilliams filed a status report...

Quick Reads
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 this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]

Evolve to Disburse More Funds Tied to Synapse Bankruptcy

March 04, 2025
Evolve Bank & Trust said Tuesday (March 4) that it is set to return some funds to end users impacted by the Synapse bankruptcy but does not yet have the...

Synapse Collapse Reportedly Target of Criminal Grand Jury Probe

February 20, 2025
A grand jury is reportedly probing criminal conduct at bankrupt FinTech firm Synapse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fed Issues Action Against Lineage Financial Separate from Synapse Case

December 19, 2024
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 form to unlock this article...