Loan Shark Drops Bid to Become Bank
November 03, 2026
November 03, 2026
DURHAM, North Carolina, Nov. 3 [Category: Financial Services] -- The Center for Responsible Lending issued the following news release:
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Loan Shark Drops Bid to Become Bank
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On breaking news that the high-cost lender OppFi -- which charges people up to 195% interest -- withdrew its application to become a bank, Center for Responsible Lending (CRL) Policy Counsel Katelin Kaiser issued the following statement:
OppFi drains borro . . .
* * *
Loan Shark Drops Bid to Become Bank
*
On breaking news that the high-cost lender OppFi -- which charges people up to 195% interest -- withdrew its application to become a bank, Center for Responsible Lending (CRL) Policy Counsel Katelin Kaiser issued the following statement:
OppFi drains borro . . .