In the News
3 HR Leaders Discuss the Significance of Unconscious Bias Training
Though a spotlight on racial injustice this year has brought awareness to unconscious bias in the workplace, there’s still a long way to go.
With stimulus in legislative limbo, market may see boost in small-dollar loans
Four regulators issued guidance on the products in May, but banks have been slow to roll out offerings. Higher demand may provide the catalyst they need.
Meet the Disruptors: Jared Kaplan of OppLoans On The Three Things You Need To Shake Up Your Industry
As a part of our series about business leaders who are shaking things up in their industry, I had the pleasure of interviewing Jared Kaplan CEO of OppLoans.
Regulating Fintech as It Becomes Pervasive
Messrs. Brooks and Calomiris bring context to why lending that occurs nationally should operate under a single regulatory framework, instead of a Byzantine system of overlapping laws.
The Pandemic Is Putting Banks To The Test. Here’s How They Can Pass
The Covid-19 pandemic has laid bare many of the challenges inherent to our economic system.
How to take a high-interest loan and skip the debt cycle
For the millions of Americans who struggle to afford an unexpected expense, high-interest payday and online loans may seem like acceptable options despite the inherent risk.
Embracing Alternative Data in Loan Underwriting Would Provide Win-Win for Credit Access in Pandemic
According to research from credit bureau TransUnion to measure consumer hardship caused by COVID-19, nearly 70 percent of Americans are currently worried about their ability to pay off bills and loans, anticipating an average budget shortfall of about $1,000.
OppLoans Named one of Crain’s Largest Privately Help Companies and #2 for Revenue Growth
The annual ranking is back and bigger than before.
Is Now the Right Time for Banks to Resume Small Dollar Lending
OppLoans Named one of Financial Times’ Americas’ fastest-growing companies
The ranking highlights 500 businesses across the continent for whom innovation and creativity have paid off — attributes that will underpin resilience and enable many of them to thrive once the worst effects of the pandemic are behind them.
Banks Must Offer Small Dollar Credit to Rapidly Solve America’s Credit Access Crisis
The severity of the effects of COVID-19 on our financial system is beyond a reality check for decision-makers – it puts the brightest spotlight on the already precarious finances of tens of millions of Americans, many who were unable to make ends meet before this crisis began.
New Action Plans from the Leading Consumer Lenders
The OppLoans Disaster Borrower’s Assistance Program allows customers to skip their upcoming payment without incurring any penalties or accruing additional interest and keeps them in an active status so there is no negative credit reporting impact.
With CardWorks, Ally gains tools to broaden customer reach
Jared Kaplan of OppLoans comments on bank and fintech partnership to create access to wider credit-challenged population.
Morning Consult: Fintech and Bank Partnerships are Necessary for Tens of Millions who Lack Access to Credit
The vast majority of Americans live paycheck to paycheck, and that’s a big part of why 60 million Americans lack good credit. As a result, they can’t obtain the same rates on loans that people with prime credit qualify for.
How to Create an Environment for Top Talent
OppLoans CEO Jared Kaplan gives his strategies to lead top talent, including what is working for their company to grow the top talent and accelerate revenues.
Chicago’s Startup Scene Is as Hot as Ever. Just Ask These 10 Fast-Growing Companies
This four-time Inc. 5000 honoree offers personal installment loans to nonprime borrowers
Let’s Create the Right Guardrails to Protect Consumers in the Small Dollar Loan Market
by Jared Kaplan, OppLoans CEO
Millennials Feel Held Back By Their Credit Scores
Millennials are feeling the pressure that comes from a less-than-stellar credit history.
Life Lessons—Building an online curriculum for economic empowerment.
Jared Kaplan discussses OppU, an online curriculum that provides free financial literacy lessons to schools, colleges and consumers.
For this startup, customer retention is a bad thing
In business, the importance of long-term relationships is the closest you’ll come to a universally accepted truth. But for OppLoans, the best kind of customer is one who never comes back.
OppLoans Named the #1 Personal Lender on LendingTree in the 2nd Quarter
Based on actual customer experience, socially responsible online lender OppLoans takes the top spot for personal loans on LendingTree’s list of Q2 2016 lenders!
Technology-Driven Lender OppLoans Launches New Website and Application to Offer Responsible Alternative to Payday Loans
Alt Lending 3.0 FinTech firm OppLoans launches more efficient online customer portal to help non-prime borrowers access responsible financial products and resources.
OppLoans Launches Line of Credit Personal Loan Product in Maryland
OppLoans extends its industry leading credit products to Maryland to better serve non-prime borrowers with better personal loans that include credit education discounts and flexible payment options.
OppLoans Welcomes Jared Kaplan as President & CEO
Experienced marketing, operations and growth executive joins fast-growing, newly branded online lending company.