FTC finalizes settlement with student loan refinancer SoFi over deceptive advertising

The FTC announced this morning it has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around SoFi’sdeceptive advertising practices. Last October, the FTC issued a complaint stating that SoFi had been misrepresenting how much money student loan borrowers could save in its online, TV and direct mail advertisements since April 2016.
According to the FTC’s findings, SoFi would inflate the average lifetime savings consumers could a