A Silicon Valley financial lender on Friday withdrew its bid to become a national bank as a federal investigation continues into its debt collection practices. But Oportun Financial Corp., which has come under scrutiny for suing thousands of its mostly low-income Latin American clients in small claims court during the pandemic, is not done. ‘try to develop.
The San Carlos-based Lender is a community development financial institution, a federal designation for loan companies that operate in low-income or underserved communities of color.
- Named “Best Global Business Lending Company” in the 2021 FinTech Breakthrough Awards Program
- Loan firm Earnest raises $ 275 million as FinTech stays in the spotlight – TechCrunch
- Chinese credit firm NCF Group completes reverse merger to list its shares in the US
- Nonprofit loan company helps businesses apply for paycheck protection program funds