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Understanding the True Cost of Providing Credit to American Consumers
There is a cost of providing credit. OLA CEO, shares her thoughts in an op-ed in Morning Consult. “Without more research and analysis on the true cost of providing credit that reflects risk-based lending, and a smart principles-based approach, we run the risk of redlining the majority American families; their
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Reuters: ‘Fintechs’ sound cautious note on offer of U.S. bank charter
OLA was featured in a Reuters article, providing comments on the recent OCC bank charter. Reuters: ‘Fintechs’ sound cautious note on offer of U.S. bank charter WASHINGTON (Reuters) – Financial technology companies that lend online are sounding a cautious note on a U.S. banking regulator’s plan to offer them special
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OLA Statement on the California Supreme Court ruling in the CashCall Case
Statement of Online Lenders Alliance CEO Mary Jackson on the California Supreme Court ruling in the CashCall Case: “Yesterday the California Supreme Court confirmed there is no bright line test for consumer lending interest rates, affirming that pricing for consumer loans should reflect consumer creditworthiness. We hope the lower court
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