Democratic Senators Demand Fed Records on Failed Fintech Synapse That Left Thousands Affected Amid Uncertainty Over Trump’s Antitrust Policy

A group of Democratic senators has formally requested that the Federal Reserve disclose its records related to the collapse of Synapse, a fintech company that failed last year and left thousands of customers without access to their savings. The demand highlights ongoing concerns about regulatory oversight and the impact of fintech failures on consumers. Separately, dealmakers in the financial sector are reportedly finding it challenging to interpret former President Donald Trump’s antitrust policies, reflecting uncertainty in the business community regarding future regulatory frameworks.