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savings accountCNBC
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80% Informative
Thousands of Americans will receive little or nothing from savings accounts 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 .
Synapse users say they relied on accounts powered by fintech apps for everyday expenses.
FDIC -backed accounts were supposed to be FDIC insured; U.S. regulators have so far declined to act.
As of Nov. 12 , the four banks released $193 million to customers, or more than 85% of what they held earlier in the year .
VR Score
82
Informative language
82
Neutral language
31
Article tone
informal
Language
English
Language complexity
45
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
9
Source diversity
8
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