---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-069372"
form_type: "8-K"
ticker: "OPFI"
cik: "0001818502"
company_name: "OppFi Inc."
filed_at: "2022-03-08T23:59:59+00:00"
generated_at: "2026-06-27T00:51:35.287480+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OppFi sues California DFPI commissioner to block interest rate caps on bank-partner loans

## Summary
- Filed complaint March 7, 2022 in Los Angeles Superior Court against California's financial regulator.
- Seeks declaration that California's AB 539 rate caps don't apply to loans originated by OppFi's bank partners.
- Argues federal law lets Utah-chartered, FDIC-insured banks export their home-state interest rates.
- Cites prior federal ruling in California that similar loans are exempt, and state's loss in FDIC lawsuit.
- Company says it serves ~7.2 million Californians and asserts its practices are lawful.

## SEC filing metadata
- accession: 0001193125-22-069372
- form_type: 8-K
- ticker: OPFI
- cik: 0001818502
- company_name: OppFi Inc.
- filed_at: 2022-03-08T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818502/000119312522069372/0001193125-22-069372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818502/000119312522069372/d325204d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-069372
- JSON: https://secwatch.observer/filing/0001193125-22-069372.json
- Plain text: https://secwatch.observer/filing/0001193125-22-069372.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.