SoFi

Online lenders seek to balance the needs of borrowers, investors

03/26/20

While LendingClub, Prosper, Avant and SoFi are giving existing borrowers breaks in the short term, they're considering tightening credit as the coronavirus outbreak threatens to drag the economy into a recession.

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Coronavirus, U.S. Bank's opportunism, CFPB sues Fifth Third: Top stories of the week

03/13/20

From scams to watch out for to the role banks play in an SBA virus loan program, news about the pandemic's impact was everywhere. Also: As State Farm bows out, U.S. Bank seizes an expansion opportunity; CFPB sues Fifth Third for allegedly opening phony accounts; and more from this week's most-read stories.

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SoFi hires exec from Amazon to lead deposit, card businesses

03/12/20

The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.

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More coronavirus challenges for banks; RBS delays

03/12/20

Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.

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Regions' plan to boost lending in 2020

01/17/20

Total loans at Regions Financial fell slightly last year, but executives say a shift in consumer lending priorities and more aggressive C&I lending will start to pay off this year.

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Mike Cagney's new firm says it's giving banks 'a compelling reason' to use blockchain

12/13/19

The SoFi co-founder said Figure Technologies is working with national banks to employ its distributed ledger tech for loan originations.

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SoFi cleared to offer crypto in New York

12/04/19

The online lender, which has received state approval to establish a virtual currency business, can now offer a full range of investment services — including trading in digital assets — in New York.

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Pennsylvania regulators hit SoFi with enforcement action

11/04/19

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

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Fintech lenders taking more market share from banks, survey finds

09/25/19

Digital-first lenders more than doubled their market share in the last four years, according to a report by Experian.

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Experimenting with digital currencies; Questioning SOFR

09/24/19

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

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