News
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U.S. and State Factsheets on Consumers During COVID
OLA curated several state factsheets (AZ, CA, HI, IA, IL, NE, NM, NV, TX, WI) that provide data around consumers and financial services during COVID-19. From the data, it is clear that a vast majority of consumers in each state believe that nonprime consumers should have access to credit, and
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New Poll Finds Vast Majority of American Adults Think Lenders Should Be Allowed to Charge More than 36 Percent APR on Short-Term Loans; Believe Underbanked Consumers Deserve Credit Access
According to a new survey conducted by Morning Consult on behalf of the Online Lenders Alliance, a strong majority (66 percent) of American adults believe that the maximum amount lenders should be allowed to charge for a two-week loan of $100 far exceeds the 36 percent annual rate cap proposed
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Internal Revenue Service Communications and Liaison Division Engagement
The Internal Revenue Service Communications and Liaison Division is working with OLA to share some important messaging about the stimulus payments. The main message they are focused on right now is about the stimulus payments to ensure everyone who is entitled gets a payment. Although most Americans will automatically receive
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