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  • OLA Applauds Introduction of The Financial Institutions Consumer Protection Act of 2017

    For immediate release Contact Michael Day at 703-567-0327 or mday@oladc.org Online Lenders Alliance Applauds Introduction of The Financial Institutions Consumer Protection Act of 2017  Legislation to End Operation Choke Point WASHINGTON, D.C. – A multi-agency effort initiated under the Obama Administration to deny licensed, legitimate businesses access to the federal

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  • OLA Responds to CFPB RFI on Use of Alternative Data

    On May 19th, OLA submitted a comment letter to the CFPB in response to an RFI issued by the agency in February. OLA members have been leaders in the alternative data field, building new and innovative models to assist in broadening the availability of capital to consumers. The letter focused on

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  • OLA Opposes California AB 784 Limiting Consumer Credit Options

    The Online Lenders Alliance sent a letter to Members of the California Assembly Apparitions Committee expressing strong opposition to AB 784. This legislation seeks to impose an interest rate cap for consumer loans between $300 and $5,000, greatly limiting an important source of funds for millions of underbanked consumers in

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