-Total Licenses Dropped From 1426 in 2021 to Only 512 Today, Leaving Cash-Strapped Consumers With Fewer Options Than Before Rate Cap’s Implementation- ARLINGTON, Va. (March…
ARLINGTON, Va. (January 16, 2024)—Responding to the latest Woodstock Institute report on the impact of Illinois’ 36 percent rate cap on consumers in the state,…
ARLINGTON, Va. (January 4, 2024)—Data from the New Mexico Regulation and Licensing Department (NMRLD) collected and analyzed by the Online Lenders Alliance shows that within…
-Rate Cap is Failing the Financial Wellbeing of New Mexico Consumers Since Taking Effect January 1, 2023- ARLINGTON, Va. (November 14, 2023)—In the wake of…
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…
-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…
The Online Lenders Alliance (OLA) represents the online lending industry and companies that provide services to online lenders. We appreciate the invitation to provide comments…
The Online Lenders Alliance (OLA) represents the online lending industry and companies that provide services to those online lenders. We appreciate the invitation to provide…