ARLINGTON, Va. (September 1, 2022)—In response to a Better Business Bureau Report issued today entitled “Payday Loan Scams and Predatory Lending,” Online Lenders Alliance Executive…
OLA StaffSeptember 1, 2022
ARLINGTON, VA (April 25, 2022)—Rate cap proponents have been misleadingly touting Illinois’ 36% rate cap law as a success story, implying that its enactment has…
CommunicationsApril 26, 2022
-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…
CommunicationsFebruary 23, 2022
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…
CommunicationsFebruary 16, 2022
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…
CommunicationsFebruary 8, 2022
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,…
CommunicationsDecember 16, 2021
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…
CommunicationsNovember 16, 2021
After the U.S. Senate confirmed Rohit Chopra to be the Director of the Consumer Financial Protection Bureau by a vote of 50-48, Online Lenders Alliance…
CommunicationsOctober 1, 2021
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…
OLA StaffJuly 29, 2021
