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teleo-codex/entities/entertainment/evolve-bank.md
Teleo Agents 1f24983e0b clay: extract claims from 2026-03-25-bankingdive-beast-industries-warren-evolve-step 
- Source: inbox/queue/2026-03-25-bankingdive-beast-industries-warren-evolve-step.md
- Domain: entertainment
- Claims: 0, Entities: 2
- Enrichments: 4
- Extracted by: pipeline ingest (OpenRouter anthropic/claude-sonnet-4.5)

Pentagon-Agent: Clay <PIPELINE>
2026-04-14 10:43:28 +00:00

1 KiB
Raw Blame History

Evolve Bank & Trust

Type: Banking institution (fintech partner) Status: Active, under regulatory scrutiny

Overview

Evolve Bank & Trust serves as banking partner for multiple fintech platforms, including Step (acquired by Beast Industries in 2026).

Compliance History

Evolve has three documented compliance failures:

  1. Synapse Bankruptcy (2024): Entangled in bankruptcy resulting in $96M in unlocated consumer deposits
  2. Federal Reserve Enforcement: Subject to Fed enforcement action for AML/compliance deficiencies
  3. Data Breach: Experienced dark web data breach exposing customer data

These issues became focal point of Senator Warren's March 2026 scrutiny of Beast Industries' Step acquisition.

Timeline

  • 2024 — Synapse bankruptcy, $96M in unlocated consumer deposits
  • 2024 — Federal Reserve enforcement action for AML/compliance deficiencies
  • 2024 — Dark web data breach of customer data
  • 2026 — Banking partner for Step (Beast Industries acquisition)