As the first trade association in FinTech, OLA has always been in favor of having in place a balanced small dollar rule that protects consumers’ access to credit. The opportunity to provide safe, affordable access to credit is real, but the threat to undermine it is as well if we fail to take a principle-based approach to crafting consumer lending policy.
Mary Jackson, CEO of the Online Lenders Alliance shared her thoughts in MorningConsult today. Read the full OpEd here: https://morningconsult.com/opinions/cfpb-must-take-principle-based-approach-rewriting-small-dollar-rule/
