Aura CEO Steps Down to Seek Financing Deal

The CEO of online consumer lender Aura, James Gutierrez, has stepped down from day to day operations in order to help arrange a financing deal to save the company; Gutierrez is trying to eliminate any conflicts of interest as he intends to be part of the financing solution; Aura named Anne Myong as its interim CEO, Myong is a former Walmart executive who joined Aura as chief financial officer earlier this year; the company has recently faced an uphill battle with the pandemic hitting communities of color significantly harder; “As we know, COVID-19 has created so much hardship in the nation, disproportionately affecting communities of color,” Board Member Dean Florez said Monday in a blog post published by the company. “As we look to the future, Aura will continue to support its borrowers and lead the way in the fight for economic justice.” American Banker.