Oportun returns with unsecured consumer ABS

By Jennifer Kang
27 Oct 2020

Unsecured consumer lender Oportun, known to primarily serve customers with less access to traditional banking services, including low income and immigrant communities, is returning to the securitization market. It is the first deal from the issuer since coming under fire for filing more lawsuits than any other personal loan company in California and Texas.

Last week, Oportun filed an ABS 15-G after a one-year hiatus, signalling that it is returning with a personal loan securitization. According to Oportun’s second quarter earnings call, the company’s senior bonds are already trading above par, having recovered from the pandemic.

In the previous transaction, the ...

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