other material
confidence high
sentiment neutral
materiality 0.50
Oportun enters lending program agreement with Column National Association for unsecured personal loans
Oportun Financial Corp
- Agreement with Column to originate unsecured personal loans in select states; Oportun provides platform services.
- Oportun can purchase loans originated by Column, except those retained by Column.
- Includes exclusivity provisions for specified loan products and certain future financial products.
- Initial term of 4 years, renews automatically for successive one-year periods unless notice given.
- Agreement includes compliance, oversight, audit, reserve, indemnification, and termination provisions.