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The lawsuit argues that the moratorium, which has led to millions of dollars in lost profits for the company’s core refinancing business, has no legal basis.
Personal loans, student loans, home loans, and loan refinancing are all part of SoFi's lending services. [93] In 2015, four years after its launch, SoFi had over $6 billion in loans issued, becoming one of the largest marketplace lenders. [94] They continue to maintain a policy of no fees for their loans, aside from the interest. [citation needed]
In the first quarter of 2023, SoFi's student loan volume decreased by more than 50% from pre-pandemic levels, according to a company release. The student loan unit, which represented nearly 30% of ...
SoFi started strictly as a student loan refinance company but received approval from federal regulators in early 2022 to become a national bank. The online bank offers loans as low as $5,000 with ...
In another setback for the administration's student loan relief program, and just a week after the Supreme Court heard oral arguments in the case, SoFi Bank filed a federal lawsuit to end the ...
SoFi also offers private student loans for undergrads, graduate students and parents. You can get pre-qualified for a loan rate by creating a SoFi account online or through the app, then choose a ...
President Joe Biden extended the suspension of federal student loan payments on April 6 for the sixth time in two years. If you own shares of SoFi Technologies (NASDAQ:SOFI), you probably were ...
A major student loan refinancing company has joined the chorus of voices calling for broad-based student loan forgiveness as millions of borrowers brace for the end of the pandemic payment pause.
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