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OppFi

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  1. 2022

    OppFi sues over California interest-rate cap

    OppFi sued California’s banking commissioner, arguing that its high-cost loans made in partnership with FinWise Bank should not be subject to the state’s 36% annual interest-rate cap. OppFi sought a declaration that the loans do not violate the cap; the article reports that the agency had not taken formal action.