2024 is quickly becoming the summer of consent orders for smaller banks. This is because, with the news Friday (June 28) the one based in Tennessee...
The collapse of the new fintech Synapse is having repercussions in a small corner of the banking world, leaving thousands of customers without access to their...
It may be hard to believe, but not long ago, a leading debate in US politics was over how best to regulate reckless financial activity. Until...
The answer–as evidenced by the collapse of Synapse–is not necessarily. Here’s what you need to know. By Emily Mason, Forbes Staff Four years ago, Lauren Scott...
If there is one guarantee in FinTech, and particularly in banking as a service, it is that there will be more regulations. There is likely to...
WASHINGTON, DC – JUNE 6: The entrance to the Federal Deposit Insurance Corporation (FDIC), located… [+] in front of the Eisenhower Executive Office Building, seen June...
Jelena McWilliams, former president of the Federal Deposit Insurance Corporation (FDIC), appointed as Chapter 11 trustee in Synapse bankruptcy. © 2021 Bloomberg Finance LP At least...
One user said they had “over $60,000” tied up in an account that was unreachable. Another, a single mom, had just bought a home and couldn’t...
FDIC Chairman Martin Gruenberg said Monday he is prepared to resign less than a week after he rejected bipartisan calls for him to step down, a...
FDIC Chairman Martin Gruenberg said Monday he is prepared to resign less than a week after rejecting bipartisan calls for him to step down, a move...
