ARLINGTON, Va. (October 28, 2025)—Earlier today, the Consumer Financial Protection Bureau issued a final rule rescinding its previous rule creating a registry of nonbank entities…
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ARLINGTON, Va. (October 2, 2025)—Today, after President Trump nominated FDIC Acting Chairman Travis Hill to serve as the agency’s permanent chair, Online Lenders Alliance Chief…
ARLINGTON, Va. (September 04, 2025)—Today, after the Consumer Financial Protection Bureau (CFPB) published its updated rulemaking agenda which indicates that the agency intends to proceed…
ARLINGTON, Va. (July 11, 2025)—After the U.S. Senate confirmed Jonathan Gould to lead the Office of the Comptroller of the Currency (OCC), Online Lenders Alliance…
ARLINGTON, Va. (June 26, 2025)—After Alaska Governor Mike Dunleavy vetoed the state’s SB39, legislation that would impose new restrictions on credit that would restrict access…
OLA In the News
The head of the Online Lenders Alliance, a fintech trade group, welcomed the decision in a Tuesday statement to Law360, calling the registry “unnecessary and…
Trade groups praised the elimination of the registry by claiming it was duplicative of the CFPB’s consumer complaint portal and of the Nationwide Multistate Licensing…
A trade group for companies offering loans online is asking the Office of the Comptroller of the Currency to require public reporting of customer account…
But several financial services trade groups disagreed, urging the CFPB not to simply repeal the rules without replacing them. In a joint comment letter last…
Among the adverse comments was a June 20 letter from the Online Lenders Alliance, the Consumer Data Industry Association, and the Professional Background Screening Association….
