OppFi’s Banking Ambitions Opposed By Senate Democrats
Two U.S. Senators are opposing OppFi’s attempt to acquire a national bank. Democrats Chris Van Hollen of Maryland and Elizabeth Warren of Massachusetts wrote to the company last week to voice their opposition, arguing that OppFi’s business model is based on “predatory lending practices,” such as triple-digit interest rates. “OppFi—a nonbank lender that provides financial […] The post OppFi’s…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
