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December 13, 2024
On the wires
Mesh Payments Teams Up With SoFi Bank and Galileo to Drive Innovation In Travel and Expense Management
Yahoo Finance
October 19, 2023
On the wires
Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem
Business Wire
March 22, 2023
On the web
SoFi Checking and Savings to Offer Access Up To $2 Million in FDIC Insurance
SoFi
July 13, 2020
On the web
Student Lender SoFi Applies for a Bank Charter
U.S.
“Student lender Social Finance Inc has applied for a national bank charter with the U.S. Office of the Comptroller of the Currency, the company said on Thursday. A banking license would enable the company to hold customer deposits and make loans, without having to rely on a bank partner as it currently does. “We firmly believe that by pursuing a national bank charter, we will be able to help even more people get their money right with enhanced value and more products and services,” said SoFi Chief Executive Anthony Noto. The application for “SoFi Bank, National Association”, will be reviewed by the OCC, the Federal Reserve and the Federal Deposit Insurance Corporation, a spokeswoman said in a statement.”