The directors of the BCCA and the Consumer Finance Association have announced that the two organizations will join together and form a new organization to represent alternative lenders and allied services, including a range of firms from new start-ups to the market leaders.
“The Online Lenders Alliance (OLA) has had a long standing relationship with the Consumer Finance Association and looks forward to supporting the new joint association as they look ahead to the future of lending in the UK, ” said Lisa McGreevy, President, and CEO of OLA. “OLA has a formal affiliation with the Consumer Finance Association, and look forward to working with the new association to continue our support and partnership as we continue efforts to develop global industry best practices with the ultimate goal of creating the best possible outcome for consumers.”
