Category Latino small businesses

March 9, 2021 / Posted in  Consumer Financial Protection Bureau, Latino small businesses, Loan rates 2021, Loan sharks, Oportun of Silicon Valley

An Oportun location in Brownsville, TX. Photo by Eddie Gaspar / The Texas Tribune

Oportun Inc., a Silicon Valley-based installment lender, which was founded to help Latino immigrants build credit so they can go on to achieve the American Dream, disclosed to investors last week that it had received a civil investigative demand from the Consumer Financial Protection Bureau.  Oportun had become the most litigious personal loan company in Texas, suing thousands of lower-income borrowers at a rapid pace even as other lenders halted or slowed legal action during the pandemic.

Latino small businesses owners are a growing force in the USA

Latino small business owners are an emerging force in the USA and have become the fastest-growing small business owners across the USA.¹ Oportun sued Texas bor...