Overview
Opportunity Financial (OppFi) is a US nonbank lender targeting credit-challenged consumers with personal installment loans. The company is pursuing a bank charter via acquisition of bnc-national-bank parent BNCCORP, facing bipartisan political opposition over predatory lending allegations.
Recent Developments
- 2026-10-02: Sens. elizabeth-warren and chris-van-hollen urged OppFi to withdraw its application to acquire bnc-national-bank, citing predatory lending practices and following enova’s canceled Grasshopper Bank deal (2026-10-02-warren-van-hollen-pressure-oppfi-bank-deal)
- 2026-10-02: OppFi pushed back, arguing bank charter transition would subject its business to rigorous federal oversight (2026-10-02-warren-oppfi-senate-press)
Related
- bnc-national-bank
- elizabeth-warren
- chris-van-hollen
- oppfi-bnc-bank-charter-pressure
- fintech-bank-charter-m-and-a
- bank-charter-acquisition
- enova