Kenneth Reeds
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A vulture and Biden's posture towards Latin America

1/9/2021

 
The name of the company “Oportun Inc.” is a play on the Spanish oportunidad. The company owners likely chose this name because they aimed their business -a supposedly softer version of the payday loan scam- at Latinos. ProPublica conducted a months-long investigation into the company, characterizing it as “depicting itself as a benefactor of the Latino immigrant community” while trapping its clients in high-interest loans. When those loans cannot be paid off, Oportun Inc. sues borrowers. In fact, they have done this more than 47,000 times between 2016 and last summer. ProPublica points out that this is “30 lawsuits per day on average”. Those numbers, while shockingly large, are just for nine Texas counties! The company operates in twelve states. These are just a few of the numbers, but it is worth reading the whole ProPublica report that details this vulture company and its focus on taking advantage of mostly Latino immigrants.   
 
Where will a Biden administration take US policy towards Latin America? Juan S. Gonzalez (he does not seem to accent his surname on any of his official profiles) is a good person to answer this question because he was recently appointed by the President-Elect to be the Senior Director for the Western Hemisphere at the National Security Council. Helpfully, he published an article in July that outlined his vision for the government’s posture towards Latin America. Also, Gonzalez was interviewed by Brian Winter about the same subject here:
Americas Quarterly · What a Biden Presidency Would Mean for Latin America

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