$96 million, missing

$96 million, missing: Thousands of Americans lost their savings after fintech firm Synapse collapsed. Customers thought their money was government-backed, but now, banks are returning very little — or nothing at all. One family was offered $500 for their lost $280,000. This is your reminder to triple-check your money to make sure it’s in an FDIC-backed account.

Tags: family, FDIC, finances, money, Synapse