The Regulatory Frontier: OppFi’s Bid for a National Bank Charter and the Fight Against Triple-Digit Lending
July 16, 2026 In a move that has sent shockwaves through the consumer advocacy community and financial regulatory circles alike, Opportunity Financial (OppFi)—a prominent provider of high-interest installment loans—has formally petitioned federal authorities for approval to acquire BNC Bank. If successful, this acquisition would facilitate the creation of "OppFi Bank," a national institution that would…
