Nonbank lender OppFi abandons plan to buy a bank

T1Covered by 1 source · first reported by American Banker (headlines) at 03 Nov, 20:13 UTC

OppFi, a non-bank consumer lender based in Chicago, says it has scrapped its effort to buy North Dakota's BNC National Bank — at least for now. The exact reasons were not immediately clear, but OppFi pointed to a lack of clarity from regulators.