January 12, 2023
A Texas federal judge has dismissed a putative class action against fintech lender Opportunity Financial LLC over alleged usury law violations and sent it to arbitration, finding that a magistrate judge correctly concluded an arbitration agreement is enforceable.
November 08, 2022
A woman leading a putative class action against fintech lender Opportunity Financial LLC over alleged usury law violations pushed back against a magistrate judge's recommendation to send the suit to arbitration, arguing that her claims fall under a clause not covered by the related arbitration agreement.
June 29, 2022
Fintech lender Opportunity Financial LLC asked a Texas federal judge to send a potential class action alleging usury law violations into arbitration, claiming the plaintiff agreed to arbitrate claims as part of the promissory note on her loan.
June 02, 2022
Fintech company Opportunity Financial is facing a proposed class action alleging that it sought to evade Texas state usury laws by using a "rent-a-bank scheme" that the company's own public filings have identified as a potential problem for the company.