# EDGAR Filing Document

**Accession Number:** 0001538716
**File Stem:** 0001538716-23-000053
**Filing Date:** 2023-3
**Character Count:** 6965
**Document Hash:** f2eb54a84982008601ab6c798c94d5b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001538716-23-000053.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001538716-23-000053

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230328

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Oportun Financial Corp
- **CENTRAL INDEX KEY:** 0001538716
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 453361983
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39050
- **FILM NUMBER:** 23769692

**BUSINESS ADDRESS:**
- **STREET 1:** 2 CIRCLE STAR WAY
- **CITY:** SAN CARLOS
- **STATE:** CA
- **ZIP:** 94070
- **BUSINESS PHONE:** (650) 810-8823

**MAIL ADDRESS:**
- **STREET 1:** 2 CIRCLE STAR WAY
- **CITY:** SAN CARLOS
- **STATE:** CA
- **ZIP:** 94070

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Progreso Financiero Holdings, Inc.
- **DATE OF NAME CHANGE:** 20120104

?xml version="1.0" ? oprt-20230328

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934**

**March 28, 2023**

Date of Report (date of earliest event reported)

**OPORTUN FINANCIAL CORPORATION**

(Exact Name of Registrant as Specified in its Charter)

Commission File Number 001-39050

---

| | | |
|:---|:---|:---|
| Delaware | Delaware | 45-3361983 |
| State or Other Jurisdiction of <br>Incorporation or Organization | State or Other Jurisdiction of <br>Incorporation or Organization | I.R.S. Employer Identification No. |
| 2 Circle Star Way | 2 Circle Star Way | |
| San Carlos, | CA | 94070 |
| Address of Principal Executive Offices | Address of Principal Executive Offices | Zip Code |

---

<u>(</u><u>650</u><u>)</u> <u>810-8823</u> 

Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.0001 par value per share | OPRT | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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***<u>Item 8.01. Other Events</u>***

On March 28, 2023, Oportun Financial Corporation (the "Company") issued a press release providing an update on the previously disclosed Civil Investigative Demand ("CID") issued by the Consumer Financial Protection Bureau (the "CFPB"). The Company announced that the CFPB had completed its investigation and concluded that it would not recommend pursuing an enforcement action against the Company. The Company continues to believe that its business practices have been in full compliance with applicable laws.

A copy of the press release is attached hereto as Exhibit 99.1.

***<u>Item 9.01. Financial Statements and Exhibits</u>***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

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| | |
|:---|:---|
| **Exhibit Number** | |
| 99.1 | <u>[Press Release dated March 28, 2023.](march28pressrelease.htm)</u> |
| 104 | Cover Page Interactive Data File embedded within the Inline XBRL document |

---

------

**SIGNATURE** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| OPORTUN FINANCIAL CORPORATION | OPORTUN FINANCIAL CORPORATION | OPORTUN FINANCIAL CORPORATION | OPORTUN FINANCIAL CORPORATION |
| (Registrant) | (Registrant) | (Registrant) | (Registrant) |
| Date: | March 28, 2023 | By: | /s/ Jonathan Coblentz |
|  |  |  | Jonathan Coblentz |
|  |  |  | Chief Financial Officer and Chief Administrative Officer |
|  |  |  | (Principal Financial Officer) |

---

## Exhibit 99.1

![image_0.jpg](image_0.jpg)

**Oportun Informed by Consumer Financial Protection Bureau that it has Concluded its Investigation of Oportun and will not Recommend any Enforcement Action**

<br>**SAN CARLOS, Calif., March 28, 2023** – Oportun (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, today announced that the Consumer Financial Protection Bureau (CFPB) has informed Oportun, via letter, that the agency has completed its investigation of the Company. In its letter, the CFPB stated that its Office of Enforcement staff concluded that it would not recommend pursuing an enforcement action against the Company.

The Bureau was assessing Oportun's legal collection practices from 2019 to 2021, along with its hardship program during the COVID-19 pandemic. As it has maintained throughout its engagement with the CFPB on this matter, the Company continues to believe that its business practices have been in full compliance with applicable laws.

For more information about Oportun, visit Oportun.com.

**About Oportun**<br> Oportun (Nasdaq: OPRT) is a digital banking platform that puts its 1.9 million members' financial goals within reach. With intelligent borrowing, savings, budgeting, and spending capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $15.5 billion in responsible and affordable credit, saved its members more than $2.3 billion in interest and fees, and helped our members save an average of more than $1,800 annually. For more information, visit Oportun.com.

###

**Investor Contact** 

Dorian Hare

(650) 590-4323

<u>ir@oportun.com</u>

**Media Contact**<br>Usher Lieberman

(650) 769-9414<br><u>usher.lieberman@oportun.com</u>

<br>