OppFi withdraws regulatory applications to buy bank

T2Covered by 1 source · first reported by Payments Dive / Banking Dive at 04 Nov, 17:17 UTC

The subprime lender’s CEO said the agreement to buy BNC National Bank “remains in effect.” But he cited a “lack of clearly articulated standards” from regulators.

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Sources

• T2OppFi withdraws regulatory applications to buy bankPayments Dive / Banking Dive04 Nov, 17:17