ARLINGTON, Va. (March 28, 2025)—After the Consumer Financial Protection Bureau announced that it would not prioritize enforcement or supervision actions related to the 2017 Small…
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Media Resources
-Number of Installment Lender Licenses Experienced Another Sharp Decline, Falling 13.4 Percent in the Past Year- ARLINGTON, Va. (March 27, 2025)—Four years after Illinois implemented…
Online Lenders Alliance Statement on Virginia Governor Glenn Youngkin’s Veto of Rate Cap Legislation
ARLINGTON, Va. (March 25, 2025)—After Virginia Governor Glenn Youngkin vetoed SB 1252, legislation that would severely restrict access to credit and financial products in Virginia,…
-Consumers Seeking Online Loans Should Know the Signs of Scams and Fraud, Look For OLA Seal, and Use OLA’s Consumer Hotline To Report Issues- ARLINGTON,…
ARLINGTON, Va. (February 6, 2024)—After Senators Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced legislation to cap annual interest rates on credit cards at 10…
OLA In the News
It wasn’t long ago that consumers seeking short-term, small-dollar credit had only the options that were locally accessible, and this often limited their choices to…
The Online Lenders Alliance criticized both the report and the Woodstock Institute. “Since Illinois’ 36% APR cap was signed into law, data and research show…
The Online Lenders Alliance, a trade group that represents high-cost lenders, cautioned other states against following Colorado’s lead, saying that the new law will be…
Online Lenders Alliance Executive Director Andrew Duke authored an article for the Summer 2023 edition of The Legislator Magazine entitled “Financial Technology Helps Consumers Living…
A new survey — conducted by the Online Lenders Alliance, a trade group whose members offer payday loans and expensive installment loans — finds that…
