Following the OCC’s release of its proposed rule outlining that would resolve uncertainties by specifying that a bank partnering with a third party is the…
OLA StaffJuly 20, 2020
After the United States Supreme Court issued a 5-4 ruling in Seila Law v. Consumer Financial Protection Bureau finding that the director of the…
OLA StaffJune 29, 2020
Yesterday, after the Federal Deposit Insurance Corporation (FDIC) approved a final rule clarifying that the valid interest rate for a loan is determined when the…
OLA StaffJune 25, 2020
After the Federal Reserve Board of Governors, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller…
OLA StaffMay 21, 2020
In response to House Financial Services Committee Chairwoman Maxine Waters’ letter to Treasury Secretary Steven Mnuchin and Small Business Administrator Jovita Carranza calling to exclude…
OLA StaffMay 1, 2020
Following last week’s announcement from the Consumer Financial Protection Bureau (CFPB) about their creation of an advisory opinion program, Online Lending Alliance CEO, Mary Jackson…
OLA StaffMarch 7, 2020
Following today’s House Financial Services Committee (HFSC) hearing titled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate…
OLA StaffFebruary 5, 2020
Ahead of today’s House Financial Services Committee (HFSC) hearing titled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest…
OLA StaffFebruary 4, 2020
Following the news that the House Committee on Financial Services passed H.R. 3621 “The Comprehensive CREDIT Act of 2020,” OLA CEO Mary Jackson issued the…
OLA StaffJanuary 29, 2020
