News
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Online Lenders Alliance CEO Mary Jackson Statement Responding to OCC Proposed Rule
Following the OCC’s release of its proposed rule outlining that would resolve uncertainties by specifying that a bank partnering with a third party is the “true lender” if it is named as the lender in the loan agreement or it funds the loan (as of the date of origination), Online
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Online Lenders Alliance CEO Mary Jackson Statement Responding to CFPB Small Dollar Rule
Today, following the Consumer Financial Protection Bureau (CFPB) release of the final rule on small dollar lending, Online Lenders Alliance CEO Mary Jackson issued the following statement: “The Online Lenders Alliance supports the CFPB’s action addressing the previous rule’s mandatory underwriting requirements, which were overly complex and would have impacted
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Online Lenders Alliance CEO Mary Jackson Statement Responding to the Supreme Court’s Ruling in CFPB Case
After the United States Supreme Court issued a 5-4 ruling in Seila Law v. Consumer Financial Protection Bureau finding that the director of the Consumer Financial Protection Bureau can be removed by the President at will, Online Lenders Alliance CEO Mary Jackson issued the following statement: “We are pleased with
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