SoFi

GM joins Spring Labs' ID verification blockchain

02/12/19

The automaker's finance arm joins Avant, OnDeck Capital and SoFi in the system, which is designed to help verify loan applicants' identities.

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Is customer information safer with a blockchain database?

01/24/19

Spring Labs is spearheading a group of prominent fintech lenders to use a blockchain-based, peer-to-peer network to share consumer information to help with ID verification on loan applications.

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Fintechs look to fill void in private student lending left by banks

12/06/18

Many banks remain wary of student loans given the government's dominance in the market, but some fintechs see untapped potential.

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SoFi is said to cut 7% of staff, revamp ailing mortgage unit

12/03/18

Social Finance, the lending and refinancing startup valued at more than $4 billion, is cutting about 7% of its staff, according to a person familiar with the matter.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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FTC puts student lenders on notice by citing misleading ads at SoFi

10/29/18

The Federal Trade Commission, which issued a formal complaint against SoFi, is urging other lenders to review their advertisements for false claims about the benefits of refinancing.

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Former SoFi CEO's startup unveils digital home equity loans

10/10/18

Mike Cagney’s current venture, Figure Technologies, is offering consumers the ability to apply online for home equity loans and get funding in as little as five days.

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Cagney unruffled by revelations; FHFA head accused

07/30/18

The former SoFi CEO raises funds for his new venture despite recent admissions about dating employees; female employee says Mel Watt harassed her.

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Personal loans surge to a record high

07/03/18

LendingClub, Prosper, SoFi and other fintechs are driving the expansion, according to new data from TransUnion.

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PwC held accountable for bank failure; Fed gets friendly

07/03/18

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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