-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…
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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…
ARLINGTON, Va. (February 5, 2025)—The Online Lenders Alliance (OLA) today released its latest batch of survey data, covering the entirety of 2024, which revealed that…
OLA In the News
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Andrew Duke, CEO of the Online Lenders Alliance and a former policy associate director at the CFPB, said the rule is outdated.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…
Andrew Duke, CEO of the Online Lenders Alliance and a former policy associate director at the CFPB, said the payday rule holds small dollar lenders…
