ARLINGTON, Va. (January 12, 2022)—According to a recent study released by three leading economists, Illinois’ strict interest rate cap on personal loans has “significantly decreased…
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Media Resources
ARLINGTON, Va. (January 11, 2022)—The Consumer Financial Protection Bureau (CFPB) today released a proposed rule that would create new reporting requirements for supervised, non-depository financial…
Small Loan Companies Already Leaving the State In advance of New Mexico’s 36 percent rate cap on small dollar loans taking effect on January 1,…
After the Fifth Circuit Court of Appeals issued a ruling on Wednesday night finding that the Consumer Financial Protection Bureau’s funding mechanism violated the U.S….
ARLINGTON, Va. (October 7, 2022)— One of the Online Lenders Alliance’s core missions is to protect consumers by ensuring that the companies they choose for…
OLA In the News
Posted by: Jeff Brownlee Carter Dougherty September 25, 2013 Bloomberg The Federal Deposit Insurance Corporation will clarify how banks should do business under U.S. rules…
Posted by: Jeff Brownlee Joe Adler and Kevin Wack American Banker September 20, 2013</> Intense government scrutiny of online lenders has set off a vigorous…
Posted by: Jeff Brownlee By Alan Zibel The Wall Street Journal August 22, 2013 The head of a federal consumer regulator conceded his agency has…
From Bloomberg Two American Indian tribes sued New York state’s financial regulatory agency and its head over his crackdown on Internet lending businesses, some of…
The group that runs the Automatic Clearing House (ACH) system is asked to clarify its letter to banks and processors The Online Lenders Alliance (OLA)…
