Oportun Financial, a consumer lender in San Carlos, Calf., has withdrawn its application with the Office of the Comptroller of the Currency for a bank charter.
The company said in a Friday press release that it plans to revisit the application, adding that it had “forged a constructive relationship with the OCC” since filing its initial application nearly a year ago.
Oportun announced a partnership with MetaBank in Sioux Falls, S.D., last year that allowed the lender to expand its operations from 12 states to 33 states.