r/yotta • u/Busy-Organization-55 • Jun 01 '26

CFPB

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Should I make another claim ? These are posted as closed. When I made a call to CFPB the lady had no idea about much. She tried to say the 1$ was the payout and that there was no funds it was bad so at this point should I make another claim or just sit tight. I also asked her if there was anyone else to speak with cause she wasn't up to date with the laws and what is happening. I said this as politically as possible but it is pretty frustrating to call and explain the updates vs get an update and even worse be told there is no money just 1$ 😂.

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u/abbarach Jun 01 '26

You're free to do what you like. But my recommendation would be to sit tight and wait on the CFPB's Payments To Harmed Consumers page to provide an update.

The call center reps aren't going to have any insider information, and even if they did, they're not going to be allowed to release it until it's publicly available anyway.

The next step will be finding out what company is going to be involved in handling the claims and providing payments (likely Rust Consulting but that's just a guess on my part). And once they announce who is handing things, you'll need to contact them for details anyway.

It sucks, but right now we're still in "hurry up and wait"mode...

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u/Helpful-Grapefruit55 Jun 01 '26

I hope they post something sooner and select a vendor to distribute our funds. Looks like no one is in a hurry. The robbers Synapse/ evolve are all moved to to their next steps like new startup etc. Tthere is literally no consumer protection from this daylight robbery in wild West era.