The high-stakes world of mortgage lending has erupted into a bitter legal battle as Citizens Bank, the Providence-based financial powerhouse, has leveled explosive accusations against digital fintech giant SoFi Bank. In a lawsuit filed last week in the U.S. District Court for the District of Connecticut, Citizens Bank alleges that SoFi has engaged in a…
For many professionals carrying the weight of significant student debt, refinancing represents a critical financial crossroads. As a major player in the private lending space, SoFi® has established itself as a primary option for those looking to restructure their debt. Having facilitated over $50 billion in student loan refinances, the company remains a dominant force…
SAN FRANCISCO – In a move that signals a significant evolution of its "one-stop-shop" financial strategy, SoFi Technologies announced on Tuesday the official launch of its small-business lending vertical. The digital-first bank, which rose to prominence as a student loan refinancer, is now pivoting to capture a larger share of the entrepreneurial market at a…
By PYMNTS | June 30, 2026 In a significant strategic expansion of its digital financial services ecosystem, SoFi Technologies announced on Tuesday (June 30) the launch of its Small Business Lending program. This move marks a pivotal shift for the company, as it seeks to transition from a consumer-centric personal finance platform into a comprehensive…
In the complex ecosystem of American higher education financing, student loan refinancing has emerged as a critical tool for borrowers seeking to manage high-interest debt. Among the industry’s most prominent players, SoFi (Social Finance, Inc.) stands out as a market leader, having refinanced over $50 billion in student debt. For many borrowers, SoFi represents a…
