OppFi Ruling Gives Bank-FinTech Partnerships a Win but Not Final Clarity

A California court has handed bank-FinTech partnerships one of their most significant legal victories to date. On May 19, Los Angeles County Superior Court Judge Gary D. Roberts ruled in favor of OppFi in its dispute with California’s Department of Financial Protection and Innovation (DFPI), finding that FinWise Bank was the lender in the program at issue.