Tax Refunds Reduce OppFi Loan Volume

OppFi experienced a 7% decline in total net loan originations during the first quarter. This reduction is attributed to the company's more stringent credit policies and a decreased demand for loans among its customer base. The impact of larger tax refunds appears to have lessened the immediate need for short-term financing for many of OppFi's clients, leading to lower origination figures compared to the previous year.