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Money Talks: The Synapse Scandal

Slate Money

CHAPTER

Navigating Fintech Regulations and Risks

This chapter explores the regulatory environment affecting fintech companies and the consequences of their potential failures. It emphasizes the complexities of FDIC insurance as it relates to fintech partnerships and highlights the struggles of consumers in understanding their coverage. The discussion culminates in a crisis involving Synapse, revealing the vulnerabilities within the fintech landscape and the implications for users reliant on these services.

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