Congressional Pressure Mounts as Lawmakers Demand OppFi Abandon Bank Acquisition Bid
In an escalating confrontation between federal oversight proponents and the booming fintech sector, two prominent U.S. senators have formally called on the nonbank lender OppFi to immediately withdraw its application to acquire Arizona-based BNCCORP and its subsidiary, BNC National Bank. The intervention by Sens. Chris Van Hollen (D-MD) and Elizabeth Warren (D-MA) marks a significant…
