Tom Hutton news and trends

Sofi Scandal Cost Its Bank Application

September 18, 2017
Quick Reads
Sofi Scandal Cost Its Bank Application

September 18, 2017
Online lender SoFi’s sex scandal, which resulted in the company’s chief executive stepping down, is dashing its chances of becoming a bank. According to a news report in the Financial Times that cited a close adviser and former chairman of the Securities and Exchange Commission, last week’s scandal-prompted departure of co-founder, chairman and chief executive […]