Saturday, December 14, 2024

Oportun: Submitted an application with the OCC to establish Oportun Bank

  • Oportun a mission-driven Community Development Financial Institution (CDFI)
  • Oportun provides inclusive, affordable financial services powered by a deep, data-driven understanding of its customers
  • A national bank charter will allow us to reach the estimated 100 million low- and-moderate income (LMI) consumers
  • Oportun maintains dozens of state licenses in order to offer affordable and responsible financial services to LMI communities
  • The proposed bank will be a wholly-owned subsidiary of Oportun Financial Corporation
  • Oportun’s customers earn on average a gross income of $46,000 per year, with many of them supporting a family on this modest income

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

UK Regulator PSR Plans Cap on Cross-Border Card Fees to Protect Businesses

Subheading The Payment Systems Regulator (PSR) proposes a price cap...

Hong Kong Unveils Roadmap for Sustainability Reporting to Lead Global Green Finance

Subheading Hong Kong's new roadmap mandates ISSB Standards for sustainability...

Standard Chartered Partners with Paxos for Stablecoin Reserve Management

Subheading: Enhancing Reserve Management Efficiency with Stablecoin Innovations from PaxosHighlights:...

GoAuto Partners with One Inc to Revolutionize Insurance Payments

Subheading: Streamlining Digital Payment Solutions for the Insurance Industry with...

Nuvei Introduces Google Pay to Transform LATAM Payment Landscape

Subheading Expanding Digital Payment Solutions Across Latin America with Google...

First Abu Dhabi Bank Partners with Broadridge to Build Global Agency Securities Finance Business

Subheading First Abu Dhabi Bank collaborates with Broadridge Financial Solutions...

Proxymity and Citi Launch Vote Connect Global to Enhance Proxy Voting Efficiency

Subheading Proxymity collaborates with Citi Securities Services to launch Vote...

Mid-Tier Banks Invest Heavily in Payment Modernization with Volante Technologies

Subheading Volante Technologies' latest report reveals significant investments by mid-tier...

Related Articles

Popular Categories

spot_imgspot_img