By Neil Roland ( July 31, 2026, 20:47 GMT | Insight) -- Opportunity Financial’s request to acquire a national bank should be denied by federal regulators on grounds that the firm could make payday loans in every state, according to a coalition of 123 consumer, civil rights, community organizations and academics. OppFi, which describes itself as a “tech-enabled digital finance platform,” is seeking to acquire BNC Bank to acquire a national bank charter and become a national bank. “OppFi’s business model is irresponsible, predatory, risky, not safe or sound, does not meet the conveniences or needs of the community, and may not result in effective anti-money laundering activities,” the National Consumer Law Center said.Nonbank lender Opportunity Financial’s request to acquire a national bank should be denied by federal regulators on grounds that the firm could make payday loans in every state, according to a coalition of 123 consumer, civil rights, community organizations and academics....
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