Oportun, a California loan company that filed 14,000 lawsuits in six months, has dismissed thousands of claims after a Guardian investigation
A California lending company that targets Latinos with high-interest loans is dismissing thousands of lawsuits days after the Guardian questioned the volume of actions against customers.
An investigation by the Guardian has revealed that Oportun Inc is one of the most litigious debt collectors in California, accounting for at least 15% of all small claims filings from June 2017 through July 2018. The company advertises a path to the American dream, but an extraordinary number of its clients end up facing punitive legal actions.
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Market news summary from The Guardian Market News.
Author: Raheem Hosseini