Lisa McGreevy, President and CEO of the Online Lenders Alliance (OLA), today issued the following statement in response to the U.S. Treasury Department Report On Marketplace Lending:
“The report released today by the Department of Treasury recognizes that there is a strong demand among consumers and businesses for online loans.
What we need is a new way of looking at how financial products are delivered in the 21st century. OLA is committed to fostering new and innovative ways to ensure that consumers and businesses can access responsible, fast and convenient online loans.
The Treasury report provides a framework for the government and online lending companies to work together to help expand online access to credit for consumers and business customers.”