US Senators led by Sherrod Brown urged Synapse partners, investors, and Evolve Bank to restore customers' access to frozen funds during Synapse's bankruptcy.
US Senators, led by Sherrod Brown, urged Synapse fintech partners, investors and Evolve Bank & Trust to restore customers' access to frozen funds amid the firm's bankruptcy. The senators expressed concern about discrepancies between owed and held funds by Synapse's partner banks, and called for a collective effort to address consumer losses caused by the bankruptcy's impact on the tri-party business model.
July 01, 2024
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