Company Directory - Social Finance, Inc.
Company Details - Social Finance, Inc.
Social Finance, Inc.
WebsiteSan Francisco, United States
Social Finance, Inc. (SoFi) is a financial technology company offering a broad range of financial products and services that include lending, investing, and banking solutions. Its SoFi® Checking and Savings product provides competitive APY and attractive bonuses for eligible customers with direct deposits, aiming to simplify financial management and help members achieve financial well‐being.
CCI Score
CCI Score: Social Finance, Inc.
-16.66
0.01%
Latest Event
SoFi Union Contract Win Empowers Stadium Workers
Social Finance, Inc. achieved a significant milestone by securing a pathbreaking union contract for its stadium workers, ensuring dignified wages, benefits, and enhanced worker protections. This development is a positive indicator of the company’s commitment to ethical labor practices and aligns with broader anti-fascist values supporting worker rights.
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ENABLER
Social Finance, Inc. is currently rated as an Enabler.
Latest Events
- FEB082024
Social Finance, Inc. achieved a significant milestone by securing a pathbreaking union contract for its stadium workers, ensuring dignified wages, benefits, and enhanced worker protections. This development is a positive indicator of the company’s commitment to ethical labor practices and aligns with broader anti-fascist values supporting worker rights.
+80
Labor Relations and Human Rights Practices
March 21
The union contract for SoFi stadium workers provides dignified wages, benefits, and job security, reflecting strong support for labor rights and ethical human resources practices. This move is in stark contrast to practices that may contribute to worker exploitation and systemic inequality, thereby reducing complicity in oppressive economic structures.
- JAN012024
SoFi Technologies spent $300,000 on lobbying in 2024, reflecting significant corporate political activity that may contribute to the erosion of democratic processes.
-40
Political Contributions and Lobbying Efforts
March 21
SoFi's lobbying expenditure of $300,000 in 2024 suggests that the company is actively engaging in political influence activities. From a left-leaning perspective, such spending is viewed negatively as it may serve to advance corporate interests at the expense of broader democratic accountability and transparency.
- AUG252023
A National Labor Relations Board docket for the IATSE Local 33 case at SoFi Stadium has raised concerns over interference with employee rights, pointing to potential issues in the company's labor relations practices.
-50
Labor Relations and Human Rights Practices
March 21
The NLRB docket details allegations regarding interference with union and employee rights at SoFi Stadium, which is branded by Social Finance, Inc. This raises questions about the company's adherence to fair labor practices. Such interference can undermine workers' rights and may be seen as supporting authoritarian business practices by restricting worker organization and fair representation.
- MAR072023
Social Finance, Inc. (SoFi) has initiated a lawsuit against the Biden administration, challenging the legality of the student loan moratorium. The legal action aims to force borrowers back into repayment, raising concerns that the company is prioritizing its financial interests over the welfare of borrowers.
- APR122021
A lawsuit filed in May 2020 alleges that Social Finance, Inc. (SoFi) systematically denied loans to non-citizen immigrants, particularly DACA recipients and other lawful residents, thereby violating civil rights and equal opportunity in lending. The case highlights discriminatory business practices that undermine social equity.
-70
Business Practices and Ethical Responsibility
March 21
The lawsuit reveals that SoFi implemented a blanket policy of denying loans to non-U.S. citizens, including DACA recipients and other lawful immigrants, which directly contravenes principles of equal rights and ethical business practices. This discriminatory lending approach not only violates civil rights under 42 U.S.C. § 1981 but also fosters an environment that could contribute to authoritarian exclusionary practices, reflecting poorly on the company’s commitment to social justice and equity.
News Flash: Lawsuit Accuses SoFi of Denying Loans to Immigrants
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