ARLINGTON, Va. (January 12, 2022)—According to a recent study released by three leading economists, Illinois’ strict interest rate cap on personal loans has “significantly decreased…
OLA StaffJanuary 12, 2023
ARLINGTON, Va. (October 4, 2022)—Responding to an attack on a previous survey of small dollar loan borrowers and a recent poll commissioned by the Woodstock…
OLA StaffOctober 4, 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
After Illinois Governor J.B. Pritzker signed SB 1792 into law, thereby limiting interest rates on various forms of credit in the state of Illinois, the…
OLA StaffMarch 23, 2021
Today, the Online Lenders Alliance sent a letter to Illinois Governor J.B. Pritzker to express concerns with Senate Bill 1792 and urge a veto on…
OLA StaffJanuary 26, 2021
Following the announcement that the Colorado Attorney General had reached a settlement in two lawsuits involving banks’ collaboration with fintech service providers, Online Lenders Alliance…
OLA StaffAugust 21, 2020
