For an agency in the process of being gutted and possibly shut down, the Consumer Financial Protection Bureau is generating a lot of news. On Thursday, the CFPB filed an official complaint and an ...

NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, ...

Nine-year-old Synapse Financial Technologies has long been a leader in banking-as-a-service, a niche of software providers offering startups a streamlined way to make use of financial infrastructure ...

Jelena McWilliams, former chairman of the Federal Deposit Insurance Corporation (FDIC), appointed as Chapter 11 trustee in Synapse bankruptcy. At least 200,000 individual fintech customers have lost ...

The collapse and bankruptcy of BaaS fintech Synapse has revealed how treacherous things are for the often-interdependent fintech world when one key player hits trouble. Synapse operated a service that ...

There is an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed, according to the court-appointed trustee in the Synapse bankruptcy.