Online lender SoFi plans to apply for a bank charter in the next month

Ryan Lawler posted: "With an eye on providing banking services later this year, online lending startup SoFi is planning to apply for an industrial bank charter in the next month, according to CEO Mike Cagney. If approved, it would become the first company to receive a new ind"

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SoFi plans to apply for a bank charter in the next month

by Ryan Lawler

With an eye on providing banking services later this year, online lending startup SoFi is planning to apply for an industrial bank charter in the next month, according to CEO Mike Cagney. If approved, it would become the first company to receive new industrial loan company (ILC) charter in a decade.

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Ryan Lawler | May 10, 2017 at 3:43 pm | Tags: michael cagney, SoFi | Categories: Startups, TC | URL: http://wp.me/p1FaB8-6f6m

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