Rajashree Chakravarty

The CFPB alleged the now-bankrupt Synapse failed to maintain adequate records of consumers' funds and match them with its partner banks, leading to an unrecovered loss of $60 million to $90 million.

The crypto firm’s renewed application for a national trust charter comes shortly after being fined by the NYDFS, connected to its past relationship with Binance.

An Alabama banker made roughly 273 fraudulent ACH transactions totaling over $2.3 million, the DOJ said. Last week, the Fed banned an ex-First Horizon banker over embezzlement charges.

A former Alabama banker made some 273 fraudulent ACH transactions over 10 years, ultimately embezzling about $2.3 million, the DOJ said.

Matthew Mullet, who was named president of the bank in July 2024, will succeed Joseph Adams as CEO of the bank in September.

The eight former bankers are prohibited from the industry after regulators found instances of misappropriation of funds and customer impersonation.