ARLINGTON, Va. (December 15, 2023)—After Sen. Jack Reed (D-R.I.) reintroduced his perennial legislation to force the Military Lending Act’s credit-eliminating restrictions on millions of Americans,…
ARLINGTON, Va. (March 15, 2023)—This morning, the Online Lenders Alliance (OLA) released its 2023 Policy Priorities white paper, providing a guide for legislators, regulators, and…
Small Business Lending Data Collections Comments OLA filed comments regarding the collection of small business lending data as prescribed under Section 1071 of the Dodd-Frank…
Representatives Glenn Grothman (WI-06) and Jesus “Chuy” Garcia (IL-04) today introduced companion legislation to S.2508 (the Veterans and Consumers Fair Credit Act) that would eliminate…
Proposed Third-Party Risk Management Guidelines The Federal Reserve, FDIC and OCC jointly issued proposed guidance on banking organizations’ risk management of third-party relationships. The goal…
ARLINGTON, VA. (July 28, 2021)—A new report required under on the National Defense Authorization Act (NDAA) for Fiscal Year 2021 ‘on a Military Annual Percentage…
“Today’s action by the Office of the Comptroller of the Currency brings much-needed and long-overdue clarity to the financial system. While the pandemic has accelerated…
"Operation Choke Point's failures are yet another reminder that we need a data-driven principle-based approach to consumer lending policy. For years, Operation Choke Point has…
OLA Provides Comments to Treasury Department in Advance of Fintech Report As a follow up to a meeting with Senior Treasury Department staff regarding an…