Opportun (Nasdaq: OPRT), an online lender and neobank, says the Consumer Financial Protection Bureau (CFPB) has decided not to pursue an enforcement action against the Fintech. In a corporate statement, Opportun said that it had received a letter from Enforcement staff at the CFPB indicating… Read More
The Consumer Financial Protection Bureau (CFPB) has announced an enforcement action against Hello Digit (or just Digit), a neobank that claims to be the “first truly personalized and automated savings tool.” At the end of 2021, Hello Digit was acquired by Opportun. According to the… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged cfpb, consumer financial protection bureau, digit, neobank, Opportun, rohit chopra
Oportun a consumer credit Fintech, today announced that it has agreed to acquire neobank Digit, a platform that provides automated savings, investing, and banking tools. By adding Digit Oportun will further expand its A.I. and digital capabilities. “This is a transformational deal that will expand… Read More
Read more in: Fintech | Tagged digit, Ethan Bloch, financial literacy, fintech, merger, neobank, Opportun, Raul Vazquez
Oportun Financial Corporation (NASDAQ: OPRT), a financial services and technology company that uses artificial intelligence to inform its credit decisions, this week announced the closing of a new warehouse credit facility of $600 million, backed by a portion of Oportun’s unsecured and secured personal loans…. Read More
Read more in: Fintech | Tagged goldman sachs, jefferies, jpmorgan chase, morgan stanley, Opportun, Raul Vazquez, warehouse credit facility
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