ARLINGTON, Va. (May 21, 2025)—Following the House Financial Services Committee’s passage of the Financial Integrity and Regulation Management (FIRM) Act earlier today, Online Lenders Alliance…
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Media Resources
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…
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,…
OLA In the News
The Online Lenders Alliance, a national trade organization for financial technology groups that offer online banking services, applauded Dunleavy’s veto. “Governor Dunleavy made the right…
Lender advocates like Online Lenders Alliance Chief Executive Officer Andrew Duke celebrated the decision, calling it a win for credit access. “Governor Dunleavy made the…
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,”…
