Benzinga | Aug 30, 2021 07:31AM EDT

OppFi Receives Notification From Consumer Financial Protection Bureau That CFPB Had Completed Its Previously Disclosed Investigation; CPFB Staff Does Not Intend to Recommend CFPB Take Enforcement Action Against OppFi

On August 25, 2021, OppFi Inc., a Delaware corporation (the "Company"), through Opportunity Financial, LLC, a Delaware limited liability company and subsidiary of the Company ("OppFi"), received notification from the staff of the Consumer Financial Protection Bureau (the "CFPB") that the CFPB had completed its previously disclosed investigation, the stated purpose of which was to determine whether OppFi's lending practices violated any consumer financial laws with respect to the Military Lending Act, and does not intend to recommend that the CFPB take enforcement action against OppFi.