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SoFi Dealing With Multiple Controversies

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on Monday, Mike Cagney resigned as chairman of Social Finance and announced he will step down as CEO by the end of the year. His announcement came amid allegations of widespread sexual harassment at the company. The New York Times issued an article on Tuesday indicated the company has more than just the harassment allegations to deal with. The article alleged that SoFi's growth could be partly attributed to a series of risky business lending habits. Cagney misrepresented SoFi's student loan products to investors. According to the article, he also asked customer service representatives to review and approve personal loans, even though they were not qualified to do so. http://www.businessinsider.com/social... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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