News

Online lender OppFi reimburses DC residents $1.5 million after interest rate lawsuit settlement

Racine’s office sued Opportunity Finance, also known as OppFi, in April, alleging that the lender violated DC law by “misrepresenting high-interest loans as money fast and easy,” according to a news release at the time. The Racine office said the loans, called OppLoans and issued between at least 2018 and May 2020, have an annual percentage rate of 160%, seven times the limit of 24%. set by the city.

https://www.washingtonpost.com/dc-md-va/2021/12/01/dc-oppfi-settlement-racine/ Online lender OppFi reimburses DC residents $1.5 million after interest rate lawsuit settlement

Huynh Nguyen

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button