News
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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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Statement from Mary Jackson, CEO of the Online Lenders Alliance (OLA) on House Financial Services Subcommittee Hearing on Small Dollar Credit Industry
“One outcome of today’s hearing is clear: there are arguments on both sides of this debate, but more research is needed to understand the true impact of some of the policy changes discussed during the hearing. We need policies that promote a fair and transparent credit market that extends credit
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Statement from Mary Jackson, Online Lenders Alliance CEO, on Kathy Kraninger’s Vision for the Bureau
Statement from Mary Jackson, Online Lenders Alliance CEO, on CFPB Director Kathy Kraninger’s Vision for the Bureau “It was refreshing to hear CFPB Director Kathy Kraninger outline her vision for the agency that she now leads, and specifically to hear her discuss how she wants to make consumers’ lives better
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