YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
SoFi Bank filed a federal lawsuit in an effort to end the payment pause on student loans.
The private lender said in the lawsuit that it "has lost approximately $150 to $200 million in profits" during the payment pause.
"Those numbers also significantly understate the moratorium’s harmful effects, because they do not take into account the growth that SoFi’s federal student-debt refinancing business would otherwise have experienced," the lawsuit reads.
Read more from Go Banking Rates.
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Another disastrous effect of an absolutely delusional administration and political party.