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Rep. Waters Urges Hearing On SoFi Bid For Bank-Like Status

By Jack Newsham (August 25, 2017, 8:33 PM EDT) -- Rep. Maxine Waters asked the Federal Deposit Insurance Corp. on Friday to hold a public hearing on an application by online lender SoFi to be given a bank-like status in Utah and become part of the federal bank account insurance scheme, saying the application raises questions of fairness and oversight....

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