The Online Lenders Alliance (OLA)

COVID-19 Update From OLA
March 17, 2020
The Online Lenders Alliance understands the need to help consumers impacted by COVID-19. The current crisis demonstrates in stark terms why we need to protect credit access for non-prime consumers who may be experiencing income lapses due to illness, reduced ability to work due to social distancing requirements, or other
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The Online Lenders Alliance Applauds CFPB’s New Advisory Opinion Program
March 7, 2020
Following last week’s announcement from the Consumer Financial Protection Bureau (CFPB) about their creation of an advisory opinion program, Online Lending Alliance CEO, Mary Jackson issued the following statement: “We applaud the CFPB’s new measures to balance their mission of protecting consumers with the need to provide clear guidance to
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Be Wary of Deeply Flawed and Misleading National Survey on Interest Rate Caps
March 2, 2020
As you may have seen, in February, Morning Consult conducted a survey on behalf of the Center for Responsible Lending (CRL) that claimed that “70% of voters support a 36% interest rate cap on payday and consumer installment loans.” That survey is highly flawed and unreliable. It has been cited
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