ARLINGTON, Va. (October 28, 2025)—Earlier today, the Consumer Financial Protection Bureau issued a final rule rescinding its previous rule creating a registry of nonbank entities…
The head of the Online Lenders Alliance, a fintech trade group, welcomed the decision in a Tuesday statement to Law360, calling the registry "unnecessary and…
Trade groups praised the elimination of the registry by claiming it was duplicative of the CFPB's consumer complaint portal and of the Nationwide Multistate Licensing…
The Online Lenders Alliance submitted comments in response to the Consumer Financial Protection Bureau’s Advance Notice of Proposed Rulemaking on Personal Financial Data Rights Reconsideration (Docket…
ARLINGTON, Va. (October 2, 2025)—Today, after President Trump nominated FDIC Acting Chairman Travis Hill to serve as the agency’s permanent chair, Online Lenders Alliance Chief…
The Online Lenders Alliance submitted comments in response to the Consumer Financial Protection Bureau's proposed rule Legal Standard Applicable to Supervisory Designation Proceedings (Docket No. CFPB-2025-0018).
The Online Lenders Alliance (OLA) submitted a letter responding to the Federal Deposit Insurance Corporation’s (FDIC) Request for Information (RFI) on Industrial Banks and Industrial…
ARLINGTON, Va. (September 04, 2025)—Today, after the Consumer Financial Protection Bureau (CFPB) published its updated rulemaking agenda which indicates that the agency intends to proceed…
The Online Lenders Alliance submitted a comment letter to the State of New Hampshire Banking Department regarding the activities of lead generators that operate in…
A trade group for companies offering loans online is asking the Office of the Comptroller of the Currency to require public reporting of customer account…