News
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Online Lenders Alliance Statement on CFPB Small Dollar Rule
Online Lenders Alliance Statement on CFPB Small Dollar Rule WASHINGTON, DC – February 7, 2019 – Mary Jackson, CEO of the Online Lenders Alliance (OLA) released the following statement in response to the Consumer Financial Bureau’s (CFPB) plans to revisit parts of the Small Dollar Rule. “We support a well-regulated
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Online Lenders Alliance Statement on CFPB Small Dollar Rule
Online Lenders Alliance Statement on CFPB Small Dollar Rule WASHINGTON, DC – February 6, 2019 – Mary Jackson, CEO of the Online Lenders Alliance (OLA) released the following statement in response to the Consumer Financial Bureau’s (CFPB) plans to revisit parts of the Small Dollar Rule. “Our goal in this
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FDIC RFI on Small Dollar Lending
On January 22, 2019, OLA provided comments to the FDIC in response to an Agency RFI on increasing small dollar lending by FDIC regulated institutions. The focus of OLA comments covered the following topics: Bank fintech partnerships and the need to address current legal impediments Impact that a 36% interest
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