lots of heinous details about the #CFPB's dropping of a huge number of cases against various kinds of financial scammers and predatory lenders etc. from #FintechBusinessWeekly, by far the best reporter on the CFPB beat who is often reporting on this stuff years before #WSJ or #NYT get around to noticing.
https://fintechbusinessweekly.substack.com/p/fast-and-furious-fdic-cfpb-reverse
more great reporting from Jason Mikula on the #a16z / #MarcAndreessen backed financial disaster known as Synapse, the middleman behind Yotta and others that lost track of (and maybe lost) most of their customers’ money.
Andreessen’s desire to eliminate the #CFPB for “terrorizing” #fintech companies like Synapse suggests a desire to keep backing companies that will strip mine the wallets of uneducated consumers.
Seen also: Evolve Bank & Trust (a bank popular with players like #FTX and #GeorgeSantos), #VoyagerDigital (a crypto company backed by #MarcCuban that incinerated user deposits in 2022), and #MetropolitanCommercialBank (#MCB), a NY institution beloved by the far right in Israel.
https://fintechbusinessweekly.substack.com/p/regulators-should-conduct-material
#EvolveBank #EvolvebankAndTrust #Yotta #Synapse #JasonMikula #FintechBusinessWeekly
a much needed dismantling of the bullshit marc andreessen, a billionaire whose fund a16z is an incredible wrecker of average consumers' bank accounts all over the world, was spewing on the Joe Rogan Experience.
https://fintechbusinessweekly.substack.com/p/synapse-investor-marc-andreessen
#JoeRogan #a16z #MarcAndreessen #Synapse #FintechBusinessWeekly #Fintech #baas #VC #VCs #venturecapital #crypto #cryptocurrency #Yotta #LVL #cfpb
⚯ Michel de Cryptadamus ⚯
