{
  "id": 7622818,
  "title": "Citing political pressure, Enova pulls Grasshopper deal",
  "url": "https://urgent.news/2026/09/15/citing-political-pressure-enova-pulls-grasshopper-deal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T20:18:04.000Z",
  "source": {
    "name": "Finextra",
    "slug": "finextra",
    "url": "https://www.finextra.com/newsarticle/48411/citing-political-pressure-enova-pulls-grasshopper-deal"
  },
  "original_language": "en",
  "account": null,
  "summary": "Enova, an American online lending company, has withdrawn its applications to acquire digital business bank Grasshopper. The company cited the susceptibility of the process to political pressure and outside advocacy.\n\nEnova's CEO, Steve Cunningham, stated that regulators lack clear standards for nonbanks seeking to become banks, particularly those serving customers whose credit needs are currently met outside of the traditional banking system.\n\nThe withdrawal of the applications comes after a letter from 20 state and district attorneys general, who expressed concerns that the deal would allow Enova to avoid state usury laws, according to Banking Dive.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}