PartnershipJul 7, 2026, 05:07 PM
Oportun Partners with Column National for New Lending Program
AI Summary
Oportun Financial Corporation, through its subsidiary Oportun, Inc., has entered into a Program Management Agreement with Column National Association, effective June 30, 2026. This agreement establishes a new lending program where Column will originate unsecured personal loans, while Oportun provides the platform, including marketing, application processing, fraud prevention, and servicing. The agreement has an initial term of four years and includes provisions for Oportun to purchase originated loans and certain exclusivity clauses.
Key Highlights
- Agreement effective June 30, 2026, with Column National Association.
- Establishes a new lending program for unsecured personal loans.
- Column will originate loans in select states.
- Oportun to provide platform services including marketing, processing, and servicing.
- Oportun can purchase loans originated by Column.
- Agreement includes exclusivity provisions for specified loan products.
- Initial term of four years, with automatic one-year renewals.
Price Impact
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