Items Tagged with 'Student loans refinancing'

ARTICLES

  • SoFi ordered to stop lying about loan savings with misleading ads

    FTC prohibits SoFi from misrepresenting amount borrowers can save
    SoFi must stop misleading consumers about the amount of money they can save by refinancing their loan through SoFi, the Federal Trade Commission declared Monday. According to the FTC, since at least April 2016, SoFi “deceptively advertised inflated figures” about student loan refinances, basically claiming that it could save borrowers far more than is actually the case.
    Read More
  • FTC warns lenders: Do not lie in loan refinancing ads

    SoFi might not be the only one
    In the wake of taking action against SoFi for allegedly lying in its ads about how much borrowers can save by refinancing their student loans with the online lender, the Federal Trade Commission is also warning other lenders to not engage in similar activity. To that end, the FTC is sending letters to an unknown number of lenders, warning them that they may be subject to a regulatory action should they be found to be engaging in false advertising.
    Read More