-Nearly Three out of Every Ten Consumers who Recently Used a Small Dollar Online Installment Lending Product were Customers of the Six Banks Touted as…
ARLINGTON, Va. (April 17, 2023)—In response to the latest article from the Pew Charitable Trusts’ Consumer Finance Team (“Credit Union Small-Dollar Loan Volume Hit New…
-Small Dollar Lending Licenses Have Dropped By Nearly 60% Since March 23, 2021- ARLINGTON, Va. (March 22, 2023)—On the second anniversary of Illinois Governor…
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…
-Most Short-Term, Small-Dollar Loan Users Report They Have Struggled to Pay Bills or Access Credit Since Rate Cap Took Effect- ARLINGTON, Va. (February 23, 2022)—A…
ARLINGTON, Va. (February 16, 2022)—After the New Mexico Legislature passed H.B. 132, legislation that would eliminate credit options for hundreds of thousands of New Mexico…
The New Mexico House of Representatives passed HB.132 - a bill that will eliminate access to credit for hundreds of thousands of New Mexicans by implementing a 36% annual percentage rate cap on small-dollar consumer…
-Online Lenders Alliance Members Must Adhere to Robust Best Practices Designed to Provide Access to Short-Term Credit While Ensuring Consumer Protection- ARLINGTON, Va. (December 16,…
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…
After U.S. Senators Jack Reed (D-R.I.), Jeff Merkley (D-Ore.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md.) introduced legislation that would eliminate access to credit…