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ICBA to FDIC: Deny SoFi Bank’s charter
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Banking, Nonbank Financial
Friday, July 21, 2017
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SoFi Bank recently applied to be chartered as an industrial loan corporation through the Federal Deposit Insurance Corp. The Independent Community Bankers of America wrote to the FDIC requesting that the regulator deny the application, citing safety and soundness concerns. Read on to learn more about the association’s opposition to the plan.
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