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When you have 5 minutes, please:

  1. Go to https://democracy.io/
  2. Copy and paste the template below the line
  3. Overwrite BANKNAME by double clicking and adding your bank’s name
  4. Overwrite the DEPOSITS by double clicking and adding
  5. Overwrite the RETURNED by double clicking and adding
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  7. Select a message category like “Banking” or “Financial Services”
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SUBJECT:

Taxpayers lost $50 million+ savings in Synapse Financial Tech collapse

BODY:

The collapse of Synapse Financial Technologies Inc., a banking-as-a-service platform(1), left thousands of digital banking customers without access to their funds(2), totaling $265 million(3). Synapse partnered with FDIC-insured banks and roughly 100 fintech companies including Yotta, Juno, Dave, Relay and others, offering high-yield savings accounts and other services to hundreds of thousands of depositors.