Home » General World News » Startup lending company SoFi says a critical report in The Times ‘reflects a lack of understanding of our business’

Startup lending company SoFi says a critical report in The Times ‘reflects a lack of understanding of our business’





Mike Cagney, CEO, Chairman and co-founder of SoFi, speaks during the TechCrunch Disrupt event in New York City, U.S., May 16, 2017. REUTERS/Brendan McDermid

Social Finance has gone on the defensive following reports that problems within the internet financing company may go well beyond its cofounder, Mike Cagney.

Cagney on Monday resigned as chairman and announced he will step down as CEO by the end of the year amid allegations of widespread sexual harassment at the company, which is also known as SoFi. But an article in The New York Times reported on Tuesday indicated the company has more to worry about than how it treats women and detailed a series of questionable business practices.

Later that day, the company fired back at The read more >>>

Source:: BusinessInsider.Com

Comments are closed.