Emily Flitter / New York Times:

The US FDIC proposes rules for banks holding customer funds for money management apps, to track customers' balances, citing harms done when Synapse cratered  —  Banks holding customer funds for money management apps should keep track of customers' identities and balances, the agency says.

Emily Flitter / New York Times:

The US FDIC proposes rules for banks holding customer funds for money management apps, to track customers' balances, citing harms done when Synapse cratered  —  Banks holding customer funds for money management apps should keep track of customers' identities and balances, the agency says.

Source: TechMeme
Source Link: http://www.techmeme.com/240917/p17#a240917p17