ARLINGTON, Va. (June 20, 2024)—After a federal judge temporarily stopped Colorado from opting out of the 1980 Depository Institutions Deregulation and Monetary Control Act (DIDMCA)…
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Media Resources
ARLINGTON, Va. (May 16, 2024)—After the U.S. Supreme Court reversed a lower court’s ruling that the Consumer Financial Protection Bureau’s (CFPB) funding violated the Constitution,…
-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…
-Consumers Seeking Online Loans Should Look for the OLA Seal and Use OLA’s Consumer Hotline To Report Fraud or Get Answers to Any Questions- ARLINGTON,…
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,…
OLA In the News
For decades, federal regulators and policy makers have grappled with how to foster credit inclusion to the financially underserved. Many programs were developed with little…
Innovation in online lending has shifted consumers away from traditional payday lenders. And while that’s a safer bet, the shift has also sparked a misguided…
For some Native American tribes, online lending has become a critical part of their economic development efforts. Unlike the federal, state and local governments, which…
It’s time for companies like Google and Facebook to rethink their blanket bans on short-term lending products. OLA members are state-licensed, adhere to 18 federal…
As the first trade association in fintech, it is OLA’s duty to make online lending a safe and reliable source for consumers. OLA CEO shares…
