{"asOf":"2026-09-05","merchant":"SSDF INC","kind":"event","id":"cfpb-synapse","date":"2025-09","title":"CFPB stipulated judgment — Synapse","kicker":"Consumer fund","body":"CFPB adversary proceeding August 2025; stipulated final judgment September 2025. November 2025 Civil Penalty Fund allocation of about $46.2 million for affected end users. First reported use of that fund in a BaaS collapse.","clerk":"CFPB","cites":["CFPB v. Synapse stipulated judgment (Sept. 2025); Civil Penalty Fund allocation (Nov. 2025)."],"notes":["A Civil Penalty Fund payment is not FDIC insurance and is not a Passport."]}