News

  • A Guide to Combating Racism

    Although media coverage has decreased over the last few months that does not mean the problems are solved. Now more than ever it is important to be reminded that as Americans we must educate ourselves to put an end to racism. Our understanding of these issues along with action should

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  • Statement from Online Lenders Alliance CEO Mary Jackson on Walmart’s Fintech Startup

    “The Online Lenders Alliance has long held the position that increased competition in the financial services marketplace benefits consumers by spurring innovation, increasing access, and lowering costs. To that end, even though it is unclear what products Walmart will be offering, we welcome them and wish them success. It is

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  • OLA Sends Letter in Opposition to IL Rate Cap Legislation

    Today, the Online Lenders Alliance sent a letter to Illinois Governor J.B. Pritzker to express concerns with Senate Bill 1792 and urge a veto on the bill. This bill creates the Predatory Loan Prevention Act and would establish a 36 percent rate cap and a Predominant Economic Interest (PEI) test.

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