News
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Policing the Internet is Critical to Protecting Online Lending Consumers
As the first trade association in fintech, it is OLA’s duty to make online lending a safe and reliable source for consumers. OLA CEO shares her thoughts on Forbes Finance Council. Read the full article here.
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Statement from OLA CEO Mary Jackson on California Senate Banking Committee Approval of AB539
The Senate Banking Committee’s approval of AB539 has made this a sad day for California borrowers. Many members of the committee acknowledged that rate caps will lead to great uncertainty and looming hardships for millions of borrowers if enacted. None of them were able to offer realistic solutions for how
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A 36% Lending Cap: When Consumer Protection Means Consumer Prohibition
A 36% rate cap is unfeasible in the short-term, small-dollar lending market. OLA CEO shares her thoughts on Forbes Finance Council. “Forcing price controls on loans in an effort to make them more affordable is prohibition, not protection, which would exclude countless Americans from the credit markets.” Read the full article
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