ARLINGTON, Va. (May 13, 2025)—After the Consumer Financial Protection Bureau issued a proposed rule rescinding its registry of nonbank entities that have ever been involved…
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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…
-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,…
OLA In the News
Opponents of the bill say it would unnecessarily limit consumers’ choices and reduce loan options for borrowers with poor credit. Andrew Duke leads the Online…
In their comment letters filed this past week, many of those same trade groups doubled down by reiterating their past criticisms, warning that the rules…
In a Tuesday statement, fintech trade group the Online Lenders Alliance identified the prospective closure of the nonbank enforcement registry as a particularly “welcome development,”…
Andrew Duke, CEO of the Online Lenders Alliance, said Friday that the CFPB is right to be “hitting the brakes” on what’s left of the…
Andrew Duke, CEO of the Online Lenders Alliance and a former policy associate director at the CFPB, said the rule is outdated. “We applaud the…
