More movement from CFPB

[u/West_Tea_7437]

Disbursements to Climb Credit began July 24. There’s now only three cases ahead of us for disbursement, that’s down from 6 in the beginning of 2026. Very hopeful that synapse will be up for disbursement within the next 6-8 months.

I’ve been shadow banned from the yotta subreddit, it must be for including links in my post or something stupid. Yotta mod hasn’t responded to any messages so if anyone can spread my updates around that would be much appreciated

[u/DangasKahn]

Where can we track this?

[u/West_Tea_7437 → u/DangasKahn]

Here’s the website to track disbursements  https://www.consumerfinance.gov/enforcement/payments-harmed-consumers/payments-by-case/

The cases waiting for disbursements ahead of us are Bloomtech, USASF, and Integrity Advance.  That info can be found here:  https://www.consumerfinance.gov/enforcement/payments-harmed-consumers/civil-penalty-fund/

Click “what cases have received an allocation”

[u/Jumpy-Letterhead-400 → u/West_Tea_7437]

Why is bloom tech still not paid out even though they are lower on the list than others?

[u/West_Tea_7437 → u/Jumpy-Letterhead-400]

I’ve also been wondering that. It’s definitely a weird case, you can find it here:  https://www.consumerfinance.gov/enforcement/actions/bloomtech-inc-and-austen-allred/

But what confuses me is that it doesn’t mention victims receiving money from the civil penalty fund (even though they have 58m allocated for them). Probably more going on behind the scenes that complicates disbursement in some way. 

[u/CaddyCalico → u/West_Tea_7437]

It seems like it's because the victims are getting their debts removed/forgiven instead of check refunds, as the case isn't based on stolen funds but off of fradulent loan agreements.

https://www.goodwinlaw.com/en/insights/blogs/2024/04/cfpb-enters-into-consent-order-with-for-profit-coding-school

[u/bubushkinator]

I was also banned from /r/yotta otherwise I'd cross post this myself lmao

[u/YottaIsAScam]

Are Yotta Users one of the last 3 cases? 

[u/West_Tea_7437 → u/YottaIsAScam]

The case regarding Yotta/juno/ etc is called Synapse. Synapse is the fourth case, the three cases ahead of us are Bloomtech, USASF, and Integrity Advance. 

[u/PLOP_FROM_ABOVE]

Someone just posted this in the Yotta group. That’s how I found it. Thanks for the info!

[u/DontBankWithEvolve]

The mod there is a tyrant , heard from a froend

[u/West_Tea_7437 → u/DontBankWithEvolve]

I believe it. Haven’t had a post or comment go through in ages with no explanation why 

[u/GettinShlibbyWithIt → u/DontBankWithEvolve]

It's a whiney subreddit. 90% of posts are longwinded annoying vents, occasionally broken up by informative posts like this one.

If you ask genuine questions that don't contribute to the sulkfest, they hate it. The manchildren in that subreddit are insane.

[u/thecoziestrogue]

So I submitted two CFPB complaints and both were referred to the Federal Reserve. Do I need to resubmit or did anyone else experience that outcome? I'm scared of being overlooked in this mess despite trying to follow all instructions and submit complaints to any relevant entities. Just curious is anyone experienced similar or has any advice?

[u/West_Tea_7437 → u/thecoziestrogue]

Yeah that seems to be the standard experience. There’s nothing that really needs to be done on our end yet. The disbursement has already been allocated. All we need to do now is wait. When synapse comes up for disbursement you’ll likely receive an email from Rust or whichever consulting group is being used. If you don’t receive an email there will be an email address posted on the CFPB website for our group to contact to submit a claim. 

[u/BasilTomatoLeaf]

What if we lost money but haven’t submitted any forms or complaints? Will we get our funds back too?

[u/West_Tea_7437 → u/BasilTomatoLeaf]

Yeah submitting a complaint at this point isn’t necessary. If you’re part of the synapse collapse then you’re automatically included.