How Does a FinTech Company Wanting Deposit Insurance Get Around CRA?
SoFi has applied for an FDIC charter, but only two of its 1,160 mortgages in 2016 were made in distressed or underserved tracts. This could be a problem for the lender, which targets personal loans for "HENRYs" (high earners, not rich yet). [8/17/17]