The Fed issued an enforcement action against Evolve Bank & Trust today. Would keep a keen eye on this story if you use Mercury as your bank. They’re essentially a front end for Evolve.
Discussion
Thanks Marty. I'm glad I have you to filter the important stuff from the X world.
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Fuck I use them. Fuck the fed.
Mercury has been ridiculous lately in their compliance requirements. I understand why
Thanks I am opening a new bank right now
Wait wha?
What is Evolve?
What happens if Evolve goes bust? Why aren’t more people talking about this? Sounds like a serious problem.
Oh fuck