Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.

Synapse provided software that acted as a “bridge” between fintechs and traditional banks, including Evolve Bank and Trust, Lineage Bank, and AMG National Trust Bank, the CFPB said in an adversary proceeding complaint.

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Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...

Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC. Email: oscar.gonzalez@complianceweek.com LinkedIn:...