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Company Directory - SoFi Technologies, Inc.

Company Details - SoFi Technologies, Inc.

SoFi Technologies, Inc. Logo

SoFi Technologies, Inc.

Website

San Francisco, United States

NASDAQ: SOFI 

SoFi Technologies, Inc. is an American online personal finance company offering a range of financial products and services such as student and personal loans, mortgages, investing, banking, and wealth management. Its SoFi® Checking and Savings account provides competitive interest rates, bonuses for qualifying direct deposits, and a high-yield savings option to help customers manage their finances digitally.

CCI Score

CCI Score: SoFi Technologies, Inc.

3.67

Latest Event

SoFi Celebrates Fourth Annual Employee Appreciation Day

SoFi Technologies, Inc. marked its fourth annual Employee Appreciation Day, emphasizing its commitment to recognizing and valuing its workforce. The celebration highlights the company's focus on fostering a supportive work environment, an important aspect of labor relations and human rights practices that aligns with progressive values.

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OBJECTOR

SoFi Technologies, Inc. is currently rated as an Objector.

0 to +9 CCI Score
These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

  • SoFi Celebrates Fourth Annual Employee Appreciation Day Logo
    JAN
    01
    2025

    SoFi Technologies, Inc. marked its fourth annual Employee Appreciation Day, emphasizing its commitment to recognizing and valuing its workforce. The celebration highlights the company's focus on fostering a supportive work environment, an important aspect of labor relations and human rights practices that aligns with progressive values.

  • +80

    Labor Relations and Human Rights Practices

    March 25

    The event demonstrates SoFi's commitment to its employees by recognizing their talent, creativity, and dedication. Celebrating employees in a public forum reinforces positive labor relations and underscores the company’s emphasis on valuing human capital, which is a core tenet of ethical business practices and supports the broader fight against oppressive labor practices.

    Celebrating Our Fourth Annual Employee Appreciation Day at SoFi

  • SoFi Promotes Inclusive Workplace Culture Logo
    JAN
    01
    2025

    SoFi Technologies highlights its commitment to a diverse and inclusive workplace on its 'SoFi Voices' page, emphasizing a culture where all employees feel welcomed and valued. This message stands in opposition to exclusionary practices associated with authoritarian and fascist regimes.

  • +80

    Labor Relations and Human Rights Practices

    March 25

    The article underscores SoFi's effort to create an inclusive culture where diversity is celebrated, supporting robust labor rights and rejecting discriminatory practices. This commitment contributes positively to ethical business practices and counters narratives often aligned with authoritarian regimes.

    SoFi Voices: Home Page

  • SoFi Technologies Lobbying Activity in 2024 Logo
    DEC
    31
    2024

    SoFi Technologies spent $300,000 on lobbying activities in 2024. This expenditure, highlighted by OpenSecrets, raises concerns about the company’s potential to influence political processes in ways that could undermine democratic accountability and enable authoritarian policy shifts.

  • -40

    Political Contributions and Lobbying Efforts

    March 25

    The reported $300,000 spent on lobbying in 2024 by SoFi Technologies falls under the category of Political Contributions and Lobbying Efforts. From a left-leaning perspective, this level of spending is concerning as it suggests an attempt to sway policy outcomes in favor of corporate interests, potentially undermining democratic processes and fostering an environment conducive to authoritarian influence.

    SoFi Technologies Lobbying Profile • OpenSecrets

  • SoFi Technologies Lobbying Spender Report Logo
    DEC
    31
    2024

    OpenSecrets reported that SoFi Technologies spent $300,000 on lobbying in 2024, raising concerns about the company using its financial resources to influence policies in ways that may support authoritarian practices.

  • -30

    Political Contributions and Lobbying Efforts

    March 25

    According to the OpenSecrets report, SoFi Technologies allocated $300,000 to lobbying efforts in 2024. This significant political expenditure is viewed as an attempt to shape legislation and regulatory outcomes, which may indirectly bolster authoritarian policies. From a left-leaning perspective, such corporate political influence diminishes democratic accountability and is therefore rated negatively.

    SoFi Technologies Issues Lobbied • OpenSecrets

  • SoFi Technologies Lobbying Spending in 2024 Logo
    JAN
    01
    2024

    SoFi Technologies reportedly spent $300,000 on lobbying efforts in 2024, as revealed by OpenSecrets. This expenditure suggests active engagement in influencing political processes, which may serve corporate interests over democratic accountability.

  • -30

    Political Contributions and Lobbying Efforts

    March 25

    SoFi Technologies' reported spending of $300,000 on lobbying in 2024 indicates a proactive effort to influence political decision-making. Such financial engagement in political lobbying can skew policies in favor of corporate interests, potentially undermining democratic accountability and contributing to an environment that supports authoritarian practices. From a left-leaning perspective, this behavior is viewed as complicit in the rise of authoritarianism by fostering undue influence over public policy.

    SoFi Technologies Lobbying Reports • OpenSecrets

  • Disclosure of political spending at SoFi Technologies, Inc. Logo
    JUN
    14
    2023

    The article reveals that SoFi Technologies, Inc. has disclosed its political spending, a move that prompts further inquiry into the nature of its political contributions. While the act of disclosure demonstrates transparency, anti-fascist perspectives raise concerns about how such funds might be used to influence policy in ways that could support authoritarian agendas. Without clear information on the beneficiaries or intent of the spending, the political engagement remains ambiguous and potentially problematic under scrutiny.

  • -10

    Political Contributions and Lobbying Efforts

    March 25

    The disclosed political spending falls under the category of Political Contributions and Lobbying Efforts, which, under an anti-fascist lens, could indicate support for policies that undermine democratic accountability if channeled towards authoritarian causes. Although the transparency of disclosure is a positive step, the event raises important questions about the broader implications of corporate political expenditures.

    Disclosure of political spending at SoFi Technologies, Inc.

  • SoFi Sues Federal Government Over Student Loan Moratorium Logo
    MAR
    08
    2023

    SoFi Technologies has filed a lawsuit against the U.S. Department of Education, arguing that the extension of the federal student loan payment moratorium is unlawful and harms its revenue stream. This legal action appears motivated by corporate profit interests, potentially undermining federal policies aimed at protecting borrowers during economic hardships.

  • -25

    Public and Political Behavior

    March 25

    The lawsuit by SoFi against a federal policy that was designed as a social safety net can be interpreted as prioritizing corporate profit over public welfare. This move undermines federal protections, reflecting a broader tendency to challenge government interventions that support economic stability, which aligns with authoritarian-friendly corporate behavior.

    Why SoFi decided to sue the federal government

  • -20

    Business Practices and Ethical Responsibility

    March 25

    By taking legal action aimed at ending a government policy that benefits borrowers, SoFi demonstrates a prioritization of corporate financial interests over ethical responsibilities. This approach signals a willingness to oppose consumer protection measures for profit, which could contribute to undermining broader societal welfare.

    Why SoFi decided to sue the federal government

  • -15

    Economic and Structural Influence

    March 25

    SoFi's legal challenge against the federal student loan moratorium reflects an effort to reshape economic structures in favor of its own profitability. This maneuver illustrates how corporate legal strategies can be used to influence regulatory and economic frameworks, prioritizing shareholder gains over public stability.

    Why SoFi decided to sue the federal government

  • SoFi Technologies Lobbying Spending 2022 Logo
    DEC
    31
    2022

    SoFi Technologies, Inc. spent $480,000 on lobbying in 2022 according to OpenSecrets, revealing a strategic investment in influencing political processes. From a left-leaning perspective, such actions can be seen as contributing to corporate efforts that might indirectly bolster authoritarian policy outcomes by subverting democratic accountability.

  • -30

    Political Contributions and Lobbying Efforts

    March 25

    SoFi Technologies' reported expenditure of $480,000 on lobbying in 2022 indicates a deliberate effort to influence political decision-making. This level of corporate political spending contributes to the undermining of democratic processes, which, from an anti-authoritarian perspective, is concerning. Such corporate political contributions and lobbying efforts can facilitate policies that favor corporate interests over public welfare, ultimately aiding the entrenchment of authoritarian practices.

    SoFi Technologies Lobbyists • OpenSecrets

  • SoFi Technologies Lobbying Expenditure 2022 Logo
    DEC
    31
    2022

    SoFi Technologies spent $480,000 on lobbying in 2022, reflecting active engagement in political lobbying. This financial influence raises concerns among critics that such behavior may empower authoritarian agendas by affecting policy decisions.

  • -30

    Political Contributions and Lobbying Efforts

    March 25

    The reported expenditure of $480,000 on lobbying in 2022 by SoFi Technologies highlights a deliberate effort to influence political decisions. From an anti-fascist perspective, such actions are concerning as they contribute to empowering authoritarian agendas by channeling corporate funds into political lobbying, potentially skewing democratic processes.

    SoFi Technologies Lobbyists • OpenSecrets

  • Regulatory Scrutiny Over SoFi's Crypto and Loan Practices Logo
    NOV
    27
    2022

    SoFi Technologies is facing increasing regulatory and congressional scrutiny over its rapid expansion in crypto offerings and unconventional regulatory capital management strategies. Lawmakers have raised concerns about its compliance with Federal Reserve guidelines and the potential risks posed by its business practices, which may undermine consumer protections and broader democratic financial stability.

  • -15

    Public and Political Behavior

    March 25

    SoFi’s failure to adhere strictly to regulatory guidelines in its crypto offerings has attracted congressional scrutiny. This exposes a problematic lack of accountability in the public and political sphere, reflecting a broader disregard for regulatory norms that are essential for democratic oversight. Such behavior indirectly supports an environment where corporate interests may override public welfare.

    SoFi Is Becoming a Bit of a Regulatory Headache

  • -40

    Business Practices and Ethical Responsibility

    March 25

    SoFi's aggressive expansion into crypto services, despite clear regulatory boundaries set by the Federal Reserve, and its unique regulatory capital management approach reflect a business practice that prioritizes rapid growth over ethical financial responsibility. This strategy jeopardizes consumer protection and destabilizes financial norms, aligning with broader patterns of corporate irresponsibility that can erode public trust and undermine democratic institutions.

    SoFi Is Becoming a Bit of a Regulatory Headache

  • US Senators Question SoFi’s Digital Asset Compliance Logo
    NOV
    22
    2022

    Four U.S. senators sent a letter to SoFi Technologies' CEO, Anthony Noto, expressing concerns that SoFi's digital asset trading activities may not comply with U.S. banking law, raising questions about the firm's regulatory commitments and business practices.

  • -30

    Public and Political Behavior

    March 25

    SoFi is under political scrutiny as U.S. senators question its adherence to banking regulations, which raises concerns about its commitment to public and political responsibilities. The involvement of lawmakers suggests potential issues with transparency and accountability.

    US Senators Ask SoFi About Bank Law Compliance

  • -40

    Business Practices and Ethical Responsibility

    March 25

    The regulatory inquiry highlights potential lapses in SoFi’s business practices. Questions regarding its compliance with capital requirements and the selection of digital assets suggest a disregard for legal standards and ethical responsibility.

    US Senators Ask SoFi About Bank Law Compliance

  • -35

    Technology and Services Impact

    March 25

    SoFi’s venture into digital asset services, despite being a bank holding company with strict regulatory oversight, raises doubts about the safe deployment of its technological services. The expansion into a sensitive sector without clear regulatory compliance may undermine customer protection and service reliability.

    US Senators Ask SoFi About Bank Law Compliance

  • SoFi Highlights Union Movement in Nationwide Labor Trends Logo
    AUG
    08
    2022

    SoFi's blog post discusses the rise of unionization at various companies, emphasizing the importance of fair labor practices and worker rights. By featuring this content, SoFi aligns itself with progressive values that counter exploitative labor practices often associated with authoritarian economic policies.

  • +80

    Labor Relations and Human Rights Practices

    March 25

    The article, published on SoFi's own blog, spotlights the growing union movement across various industries. This focus on unionization signifies support for worker rights and fair labor practices. Such a stance is in line with progressive efforts to counter authoritarian economic and labor practices, highlighting SoFi's indirect advocacy for stronger labor protections.

    Why Unions are Being Formed at Companies Nationwide

  • SoFi Announces $1M Donation to Empower Black Communities Logo
    JUN
    01
    2020

    On June 1st, SoFi committed $1 million to support organizations focused on institutional reform and empowerment of Black and African American communities, including groups like Black Lives Matter and Equal Justice Initiative. This initiative, which also features a donation match program for employees and long-term investments aimed at changing the financial industry, reflects SoFi's public stance against systemic oppression.

  • +80

    Public and Political Behavior

    March 25

    SoFi's donation, directed towards organizations working to dismantle systemic racism and promote institutional reform, demonstrates a proactive stance in Public and Political Behavior. By supporting groups such as Black Lives Matter and Equal Justice Initiative, SoFi is aligning itself with progressive causes that counter authoritarian norms and address historical injustices.

    More About SoFi’s Donation

  • +70

    Business Practices and Ethical Responsibility

    March 25

    The initiative involving a donation match program for employees and long-term investments demonstrates a commitment to ethical responsibility and inclusive business practices. This approach to corporate philanthropy advances social equity and transparency, reinforcing SoFi’s image as a responsible and politically engaged entity.

    More About SoFi’s Donation

Industries

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Financial Transactions Processing, Reserve, and Clearinghouse Activities
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Miscellaneous Intermediation
523930
Investment Advice
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Portfolio Management