The loan company that sued many low-income Latinos during the pandemic

 

Source: Kiah Collier, Ren Larson & Perla Trevizo, ProPublica

Oportun, a subprime installment lender that operates in 12 states, portrayed itself as a financial ally to the Latino immigrant community, its primary customer base, and had built a reputation as a more affordable and humane alternative to payday lenders.

Our reporting revealed a company that draws clients in by depicting itself as a benefactor of the Latino immigrant community yet charges high interest rates, keeps customers like Analleli Solis on the hook with repeated refinancing and routinely uses lawsuits to intimidate delinquent borrowers into paying again.

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