SoFi to Revise Lending Policies to End DACA Bias Combination

By Alyssa Aquino (April 21, 2022, 1:21 p.m. EDT) — Online lender SoFi will revise its lending policies to provide credits and loans to Deferred Action for Childhood Arrivals recipients and Conditional Permanent Residents at same conditions as US citizens to settle says it discriminates against immigrants.

Immigrants who sued Social Finance Inc. over its lending policies told a California federal judge on Wednesday they had reached a settlement that would resolve their discrimination claims. As part of the deal, SoFi would remove loan requirements that prevented DACA recipients and immigrants with conditional permanent residence from obtaining loans and credits, ultimately putting them on equal footing with the United States. …

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