Wolf Popper LLP Announces Investigation on Behalf of Enova International, Inc. Investors
Globe Newswire•07/10/2026•10:53 ET
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Key Highlights
- ➤Enova withdrew OCC and Federal Reserve applications for Grasshopper acquisition.
- ➤Grasshopper acquisition was announced as a $369 million cash-and-stock deal.
- ➤Enova stock fell $53.11 to $173.61, down 23.4% on September 15.
- ➤CEO Steve Cunningham previously expected the transaction to close later in 2026.
Expert Statements
Steve Cunningham, Chief Executive Officer of Enova International, Inc.
“Yeah I have a lot of respect for the agencies in the process that they follow. But as I said on the call, I think we remain in a constructive dialogue with both of the agencies as they're going through that process. And so I don't think there's a lot of additional color to provide beyond that. We've pointed to the second half of the year since the beginning. We're three weeks into the second half of the year. I have a lot of confidence in our application. I have a lot of confidence in the process and I look forward to closing later this year.”
Steve Cunningham, Chief Executive Officer of Enova International, Inc.
“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.”
NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of purchasers of Enova International, Inc. (“ENVA”) common stock (NYSE: ENVA).
Enova is an online lender providing consumer and small-business credit. On December 11, 2025, Enova announced that subject to regulatory approval it would acquire Grasshopper Bancorp, Inc. in a $369 million cash and stock deal.
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