But several financial services trade groups disagreed, urging the CFPB not to simply repeal the rules without replacing them. In a joint comment letter last…
Among the adverse comments was a June 20 letter from the Online Lenders Alliance, the Consumer Data Industry Association, and the Professional Background Screening Association.…
The Online Lenders Alliance, a national trade organization for financial technology groups that offer online banking services, applauded Dunleavy’s veto. “Governor Dunleavy made the right…
Lender advocates like Online Lenders Alliance Chief Executive Officer Andrew Duke celebrated the decision, calling it a win for credit access. "Governor Dunleavy made the…
Opponents of the bill say it would unnecessarily limit consumers’ choices and reduce loan options for borrowers with poor credit. Andrew Duke leads the Online…
In their comment letters filed this past week, many of those same trade groups doubled down by reiterating their past criticisms, warning that the rules…
In a Tuesday statement, fintech trade group the Online Lenders Alliance identified the prospective closure of the nonbank enforcement registry as a particularly "welcome development,"…