You may have heard that we’re up to something big here at SoFi: we’re making our small-screen debut during the big game this weekend, and we wanted to share the official commercial with you here.Read more
“I don’t think my bank cares much about me.”
“I’ve never recommended my bank to anyone.”
“I don’t really trust banking institutions in general.”
Beating up on banks has become a national pastime. Yet what’s crazy is how long we’ve put up with it – the nickel-and-dime fees, the bad customer service, the being treated like a number. Most of us don’t even switch banks when we get fed up —it’s too much hassle, and aren’t they all the same anyway?Read more
Here’s our theory: banks put banks first. That’s why at SoFi, we’re all about our members.
So we took to the streets to do some research. We asked people what they thought about banks, and what the world would look like without them.
Here’s what they had to say.Read more
There has been a growing regulatory interest in non-bank (marketplace) lenders, from the State of California to the Fed, the FDIC and the Treasury. And while some of this attention can be misguided, we should expect and welcome greater interest given the rapid growth of our industry. Foundation Capital suggests one trillion dollars of global marketplace loan origination by 2025. What is sometimes lost in discussions, however,is why this growth is occurring. Simply put, many non-bank lenders are taking an unorthodox approach to lending to meet consumer needs in a way that traditional financial services firms won’t (or can’t). And as a result, the impact is far greater and more inclusive than many realize.Read more