The War on Subprime Lending

From his office in One Two Pru, a 41-story granite skyscraper located in downtown Chicago, Todd Schwartz can see much of the booming East Loop. He just can’t lend to it. “Illinois is our home state,” says Schwartz, the founder, CEO and executive chairman of Opportunity Financial. “That makes me the most sad. There are still a lot of people out there who need access to credit.” Illinois last year passed a law that makes the type of loans Opportunity Financial offers illegal. Unfortunately for OppFi, as it’s known, and the banks that partner with the fintech to offer subprime…

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Naomi Snyder


Editor-in-Chief Naomi Snyder is in charge of the editorial coverage at Bank Director. She oversees the magazine and the editorial team’s efforts on the Bank Director website, newsletter and special projects. She has more than two decades of experience in business journalism and spent 15 years as a newspaper reporter. She has a master’s degree in journalism from the University of Illinois and a bachelor’s degree from the University of Michigan.

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