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SoFi
SoFi settled claims of discrimination against DACA and CPR borrowers denied loans between 2017 and 2022.
ClosedUnited States-wideClaim status: Closed on March 21, 2023Payout: Up to $3,000 per denialNo longer claimable
About this settlement
The case addresses alleged discrimination in loan approvals for DACA and CPR status applicants by SoFi.
This settlement resolves claims that SoFi discriminated against borrowers with Deferred Action for Childhood Arrivals (DACA) or Conditional Permanent Residence (CPR) status by denying loans between 2017 and 2022. Eligible claimants may receive up to $3,000 per loan denial.
Who qualifies
- Individuals nationwide except California with valid, unexpired DACA or CPR status denied at least one SoFi loan between May 19, 2017 and Dec. 15, 2022.
- California residents with valid, unexpired DACA or CPR status denied at least one SoFi loan in the same period.
Up to $3,000 per denial
Claim status: Closed on March 21, 2023