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Nov 22, 2024
6:01
:06
pm
BNcoug
All-American
Link
Banking Dive
Evolve Bank ‘failed in its most basic duty,’ stole from customers: lawsuit
Banking news
https://www.bankingdive.com/news/evolve-bank-failed-most-basic-duty-stole-customers-lawsuit/727422/
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BNcoug
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BNcoug
Joined
Jan 4, 2013
Last login
Nov 23, 2024
Total posts
3,320 (8 FO)
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Messages
Author
Time
Any CBers caught up in this Synapse fiasco with savings accounts?
Iman23
Nov 22, 11:58am
That’ll make a guy who uses nontraditional banking nervous
Big Daddy D
Nov 22, 12:18pm
These were advertised as FDIC insured. It's amazing that the FDIC is
NumbersGuy
Nov 22, 12:30pm
Updated FDIC regulation is coming. There is a proposed FDIC rule coming
Jesse Pinkman
Nov 22, 12:48pm
The technical reason is that funds weren't on deposit with a bank - they
Jesse Pinkman
Nov 22, 12:58pm
With that much money missing, how is it not criminal?
BNcoug
Nov 22, 12:21pm
It's going to take some time to sort through it but yes, very likely criminal
RexIdaCoug
Nov 22, 12:33pm
The Morris family in the article is in my ward. Very sad story to say the least.
Frank Purulence
Nov 22, 1:21pm
I had $1,000 in Yotta. Not sure how much I’m going to get back.
nslcougar
Nov 22, 2:13pm
Looks like Evolve bank was part of it.
BNcoug
Nov 22, 5:59pm
Link
BNcoug
Nov 22, 6:01pm
I got my Yotta money back a few weeks ago.
Hyrum in Houston
Nov 22, 6:58pm
That guy looks like the average “young” CBer
BaseCoug
Nov 22, 4:55pm
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