The recent collapse of a major fintech company, which served over 10 million users, is creating serious issues for American customers, as they are left without access to their money. The firm allowed individuals and small businesses to conduct financial transactions digitally, and the sudden shutdown has locked their funds without any immediate access.
The firm is currently cooperating with regulators to allow users access to their money. There’s an ongoing investigation to understand if user funds were segregated and protected, as required by regulations. Meanwhile, consumers