Jan
12
2016
SoFi Blog
Tips and news—
for your financial moves.
Jan
12
2016
When Disruption Drives Inclusion
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 moreJan
12
2016
Jan
10
2016
Jan
08
2016
Ode to SoFi: A Member Poem
We get a lot of amazing and humbling feedback from our members, but recently we received an extra special note and package. Robert, a SoFi member and student loan refi borrower, went to Christopher Newport University in Newport News, VA. He graduated in 2010 with a BA in Political Science and four student loans. He consolidated with a big bank but he said it left him with a large payment and interest rate. He then refinanced with SoFi and lowered his payment and loan duration. He’s now an operations manager, is married and has a 2 year old son. We loved his inspiring poem and hope you do, too:
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