News from January 2024

Greg Baer testifies on Basel proposal's impact at House subcommittee hearing

Bank Policy Institute President and CEO Greg Baer is set to testify before the House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy. The hearing, titled “Rules Without Analysis: Federal Banking Proposals Under the Biden Administration,” will address concerns about the Basel capital proposal's impact on credit costs and U.S. capital markets.

Capital One tops J.D. Power's auto financing satisfaction study

Capital One Auto has been recognized for achieving the highest customer satisfaction among mass market automotive financing providers, according to the J.D. Power 2023 U.S. Consumer Financing Satisfaction Study. This study evaluates customer satisfaction with auto loans or leases for new or used vehicles based on five key factors: account management and communication, application and approval process, billing and payment process, customer orientation process, and customer service experience.

SoFi expands member access with new alternative investment options

SoFi, a digital personal finance company, has announced that its SoFi Invest members will now have the opportunity to invest in alternative investment funds, mutual funds, and money market funds. This initiative aims to provide everyday investors with access to investment opportunities traditionally reserved for wealthier individuals.

SoFi Technologies reports Q4 and full-year 2023 financial results

SoFi Technologies, Inc. has released its financial results for the fourth quarter and fiscal year ending December 31, 2023. The announcement was made on January 29, 2024, from San Francisco, California.

Student accommodation projects planned for Nottingham amid rising university enrollments

An article from Nottinghamshire Live has highlighted the ongoing development of student accommodation in Nottingham, driven by the increasing number of students at the University of Nottingham and Nottingham Trent University. The city is witnessing a rise in tall and extensive student housing complexes to accommodate this growth.

Scotland faces housing crisis amid decreasing new home construction

New statistics reveal that Scotland's housing crisis is worsening, with a decline in the number of new homes being started and completed across all tenures. Geoff O’Brien, Relationship Director, commented on the situation, noting Edinburgh's return to prominence: “Edinburgh returns to number one, as the city ranks in the top five in ten indicators, including attractions and house price growth. Edinburgh is the UK’s second most visited city (behind London).”

UK urged to reform planning laws amid ongoing housing crisis

Housing has become a focal point in the UK as political parties prepare for the upcoming general election. Andrew Charnley, Managing Director of Assetz Capital, emphasizes the need for a coherent government strategy to address housing issues that have persisted over many years.

Student housing plans advance in Birmingham and Manchester

Plans have been submitted for three additional student accommodation towers, adding to the developments in Birmingham and Manchester. The proposed projects include a 1,200-room scheme in Birmingham and a 580-bed scheme in Manchester.

SoFi introduces small business financing marketplace

SoFi has announced the launch of its new small business marketplace, aiming to assist American small business owners in securing financing. This initiative expands SoFi's product offerings and connects users with a network of financial providers.

SoFi wins three awards in NerdWallet's 2024 best-of list

SoFi, a digital personal finance company, has been honored with three 2024 Best-Of Awards by NerdWallet. The awards recognize SoFi for the Best Checking Account Overall and Best Checking Account for Overdraft Fee Avoidance through its SoFi Checking & Savings product, as well as the Best Personal Loan Overall for SoFi Loans.

SoFi doubles IRA contribution match ahead of tax day

SoFi, a digital personal finance company, has announced that its SoFi Invest platform will provide a 2% match on eligible IRA contributions until April 15, 2024. This new offer is an increase from the previously announced 1% match and aims to help members enhance their retirement savings during tax season. The IRA match applies to all new ACH transfers into IRA accounts.

SoFi schedules conference call for Q4 2023 & full year results

SoFi Technologies, Inc., a digital personal finance company, has announced a conference call to discuss its financial and operating results for the fourth quarter and full year of 2023. The call is scheduled for Monday, January 29, 2024, at 8 a.m. Eastern Time. The company's fourth-quarter and fiscal year results will be available on its investor relations website at approximately 7 a.m. Eastern Time on the same day.