Citizens sues SoFi as fights over talent, pipelines persist
Citizens Bank has sued SoFi Bank for allegedly poaching loan officers and pipelines, claiming it violated confidentiality agreements and caused operational harm. Citizens accuses SoFi of a 'nationwide campaign' that led to $5 million in lost revenue in Connecticut. The lawsuit seeks injunctive relief to prevent SoFi from using alleged stolen information. SoFi reported $1.4 billion in mortgage originations in Q2 2024, according to its earnings.





