News Topic: SoFi

The online lender's name will go on a glitzy new stadium in Inglewood, Calif., that is scheduled to open next year. The big question is whether the 20-year deal will contribute to profitability, which SoFi has yet to achieve on a consistent basis. ... Read full article

The chief operating officer for the Americas at Deutsche Bank, as well as SoFi's heads of marketing, risk and capital markets, are all moving on; John Williams tells bankers they need to do more to clean up misconduct at their companies. ... Read full article

Expected to close this week, the deal would value the company at an amount similar to the $4.3 billion valuation of its 2017 funding round. ... Read full article

Provenance Blockchain, recently spun off from Mike Cagney's Figure Technologies, says it can help lenders trim 70% of mortgage settlement expenses through speedier processing and paperwork reduction. ... Read full article

The digital lender rebranded its mortgage business as SoFi Home Loans about four months after it took a step back from real estate finance to redesign its processes. ... Read full article

Aspiration, Wealthfront and SoFi have all begun offering high-yield savings accounts during the past few weeks. ... Read full article

Mike Cagney, the former embattled chief executive of Social Finance, has a new startup that plans to announce a $65 million funding round on Wednesday, bolstering the lending company's expansion into other financial services, including wealth ... Read full article

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

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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. ... Read full article

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. ... Read full article

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

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

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. ... Read full article

The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto. ... Read full article