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

 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. Read More

http://ift.tt/2q6QxtB SoFi plans to apply for a bank charter in the next month http://ift.tt/2pywe6l