CFPB Preps Complaint Against Failed Fintech Firm Synapse

By Rae Ann Varona ( August 8, 2025, 11:50 PM EDT) -- The Consumer Financial Protection Bureau is getting ready to file a complaint against bankrupt Synapse Financial Technologies on allegations it failed to properly keep track of consumer funds and left as much as $90 million in consumer funds unrecovered, the fintech firm's trustee has told a bankruptcy judge in California....

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