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That is Oportun Affiliated with?
One particular association is through the user Monetary Coverage Agency (CFPB). The CFPB was a national agencies that has been created in response for the 2008 financial crisis. Its mission is to try to cover users regarding unfair, inaccurate, otherwise abusive practices by businesses about financial globe.
not, the newest CFPB has brought action facing Oportun to have getting into particular of them strategies in itself. When you look at the 2016, this new CFPB fined Oportun $184 billion to have dishonestly billing large-rates of interest and you can costs so you can the customers.
It is also associated with a number of scam artist businesses. Within the 2017, the higher Providers Agency (BBB) approved a warning facing Oportun if you are regarding the a family that was accused regarding scamming individuals off thousands of dollars.