https://techcrunch.com/2019/02/25/ftc-finalizes-settlement-with-student-loan-refinancer-sofi-over-deceptive-advertising/ > The FTC announced this morning its has approved the final consent order with online student loan refinancer SoFi, which resolves the allegations around the SoFi’s deceptive 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 achieve – sometimes even as much as double the actual savings – by excluding large categories of consumers. Meanwhile, most of the excluded groups were actually paying more money as a result of their loans with SoFi, the FTC said. In fact, they were paying thousands of dollars more, on average, on a lifetime basis, and hundreds more, on average, per month.