In the Matter of Social Finance, Inc., File No. 1623197 #00005

Submission Number:
00005
Commenter:
Josep Clapes
State:
Illinois
Initiative Name:
In the Matter of Social Finance, Inc., File No. 1623197
Nowadays in financial markets, loans, credits, mortgages and allowances are very popular. However, financial companies do not always practise fairplay with these issues since they hide or they cover their operations through unexpected interest rates. This is very rude since the majority of customers who ask for a loan or a credit, they have very low or any knowledge about financial operations, or they are students that have no other choice if they want to study a degree, which is the case of SoFi. Personally, I think the financial industry should be more regulated and overlooked since we are talking about money and the savings of thousands of people. Thus, I totally support this measure.