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Alt lender SoFi has reignited its plans for a national banking license - Business Insider

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SoFi has reapplied for a nationwide banking license as it continues expanding its product suite

to facilitate fintechs setting up industrial banks — a route that has already been leveraged by Square.

These factors suggest a more welcoming regulatory environment for fintechs, removing obstacles in SoFi's path to becoming a licensed bank.Join other Insider Intelligence clients who receive this Briefing, along with other Fintech forecasts, briefings, charts, and research reports to their inboxes each day. >>

 

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Anybody else a little suspicious of this org?

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