CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.
The government should mandate warning labels on companies like that, maybe “fintech” would be a good word to force them to use, similar to the way large companies have to use the “enterprise” warning label and games companies have to be labelled “triple A” to know their products and services are low quality and have a high risk of failure.
I like your style
Dont they have to write in the footer WE ARE NOT A BANK
Usually that’s what I look for
Do you not have banking licenses (someone mentioned FDIC)? Over here, that’s how you tell real [regulated and insured] banks from pretend banks.
Yes. I guess the problem is that people aren’t reading the small text st the bottom of the website that says they’re not a bank