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.

KEY POINTS

  • Thousands of Americans will receive little or nothing from savings accounts that were locked during the collapse of fintech middleman Synapse.
  • Customers believed the accounts were backed by the full faith and credit of the U.S. government.
  • CNBC spoke to a dozen customers caught in the predicament, people who have lost sums ranging from $7,000 to well over $200,000.
  • While there’s not yet a full tally of those left shortchanged, at fintech Yotta alone, 13,725 customers say they are being offered a combined $11.8 million despite putting in $64.9 million in deposits.
  • Ledivin@lemmy.world
    3·
    29 days ago

    Good news, there will be an absolute fuck-ton of further deregulation and dismantling of consumer protections over the next four years!

      • CarbonIceDragon@pawb.social
        2·
        29 days ago

        He’s an old man. Unless anti-aging research unexpectedly advances several orders of magnitude faster than its been doing in the next few years, he’ll be leaving office one way or another.

            • whithom@discuss.online
              0·
              29 days ago

              That is how that works. Genetics strongly influence factors like disease resistance, metabolism, and cellular repair, which contribute to a longer lifespan.And trump has easy access to cutting edge medicine.

              • kent_eh@lemmy.caEnglish
                2·
                29 days ago

                Genetics strongly influence factors like disease resistance, metabolism, and cellular repair, which contribute to a longer lifespan

                A sedentary lifestyle, obesity and a diet heavy in hamberders and other crap food can more than offset that.