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                            June 14, 2021

       Hassan Baqar
       Chief Financial Officer
       FG New America Acquisition Corp.
       105 S. Maple Street
       Itasca, IL 60143

                                                        Re: FG New America
Acquisition Corp.
                                                            Revised Preliminary
Proxy Statement on Schedule 14A
                                                            Filed May 28, 2021
                                                            File No. 001-39550

       Dear Mr. Baqar:

              We have reviewed your filing and have the following comments. In
some of our
       comments, we may ask you to provide us with information so we may better
understand your
       disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Revised Preliminary Proxy Statement on Schedule 14A

       Unaudited Pro Forma Combined Financial Information, page 130

   1.                                                   Please revise to
disclose how you measure adjustment K and tell us why the amount is
                                                        different than
adjustment M.
       Non-GAAP Measures, page 189

   2.                                                   We note your response
to comment 5. Please tell us how you determined the $2.4 million
                                                        additional adjustment,
what period it applies to, and why you include it in your
                                                        reconciliation to the
non-GAAP measure.
       OppFi Management's Discussion and Analysis of Financial Condition and
Results of Operations,
       page 248

   3.                                                   We note your revised
disclosure in response to comment 6. Please revise to disclose if
 Hassan Baqar
FG New America Acquisition Corp.
June 14, 2021
Page 2
         you legally earn interest in any state on an accelerated basis.
4.       Please revise to disclose where interest income related to finance
receivables accounted
         for under the fair value option is reported in the income statement.
Refer to ASC 815-10-
         50-30(b).
Accounting pronouncements issued and adopted, page F-80

5.       Please tell us why you released the repurchase liability for
third-party lender losses related
         to off-balance sheet finance receivables upon the election of the fair
value option.
Note 2. Finance Receivables, page F-82

6.       For finance receivables for which the fair value option has been
elected, please revise to
         include the information required by ASC 825-10-50-28(e).
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

        You may contact William Schroeder at 202-551-3294 or Michael Volley at
202-551-
3437 if you have questions regarding comments on the financial statements and
related matters.
Please contact Jessica Livingston at 202-551-3448 or David Lin at 202-551-3552
with any other
questions



FirstName LastNameHassan Baqar                                  Sincerely,
Comapany NameFG New America Acquisition Corp.
                                                                Division of
Corporation Finance
June 14, 2021 Page 2                                            Office of
Finance
FirstName LastName