CFPB makes move to stake a claim against bankrupt Synapse, the fintech software company
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.
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