Fintech Business Weekly • 22 implied HN points • 08 Jun 25
- The Federal Reserve ignored many complaints from victims of the Synapse situation and is not providing the documents that people need. This has left many feeling frustrated and helpless.
- Despite the overwhelming complaints and public interest, regulatory bodies like the Federal Reserve have not taken meaningful actions to help those affected by these financial issues. This raises concerns about accountability within these institutions.
- Banking regulators are still promoting partnerships between banks and fintechs, even after major failures. This points to a focus on growth rather than addressing the risks these partnerships might bring.