FTC accuses SoFi of lying about loan savings in misleading ads

FTC accuses SoFi of lying about loan savings in misleading ads
For more than two years, SoFi has been making misleading claims in its television, print, and online advertisements and lying about the amount of savings its loan refinancing programs would bring to borrowers, the Federal Trade Commission said Monday. According to the FTC, SoFi “deceptively advertised inflated figures” about loan refinances, basically claiming that it could save borrowers far more than is actually the case.
Source: https://www.housingwire.com/rss