Need Help? Call : (310) 914-5007
Need Help? Call : (310) 914-5007
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The Law Offices of Frank R. Cruz announces an investigation of Enova International, Inc. (“Enova” or the “Company”) (NYSE: ENVA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
On September 14, 2026, Enova announced it had withdrawn its Comptroller of the Currency and Federal Reserve applications for its proposed acquisition of Grasshopper Bancorp, a deal that would have made Enova a bank holding company. The Company stated, among other things that “Bank regulatory guidelines and attitudes have not kept pace with the realities of” consumers and “Regulators do not have clear standards for nonbanks that want to become banks and that serve customers whose credit needs today are met mostly outside of the banking system. Without clearly articulated standards, the process is susceptible to political pressure and outside advocacy, rather than being guided strictly by the statutory factors that should govern it.”
On this news, Enova shares are down as much as $56.64 or 24.98%, during intraday trading on September 15, 2026.
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