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Fama v. Opportunity Financial LLC
Case Number:
3:23-cv-05477
Court:
Nature of Suit:
Racketeer/Corrupt Organization
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 12, 2023
Wash. Judge Sends Predatory Lending Suit To Arbitration
A Washington federal judge said Tuesday that a proposed class of consumers must arbitrate claims that a borrower obtained a loan from Opportunity Financial LLC under illegal predatory lending terms, in a ruling that said the borrower failed to take several opportunities to opt out of the arbitration.
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May 26, 2023
OppFi Sued Over 160% APR Rent-A-Bank Allegations In Wash.
Opportunity Financial LLC has been hit with a proposed class suit alleging its 160% annual percentage rate exceeds the 25% cap in Washington state and that it contracts banks in other states to bypass the law.