Online Lenders Alliance (OLA) Executive Director Andrew Duke issued the following statement in response to the letter issued by the Center for Responsible Lending (CRL)…
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Media Resources
ARLINGTON, Va. (September 1, 2022)—In response to a Better Business Bureau Report issued today entitled “Payday Loan Scams and Predatory Lending,” Online Lenders Alliance Executive…
On this day of celebration and commemoration, the Online Lenders Alliance wishes you a happy and fulfilled Juneteenth. While this holiday is dedicated to celebrating…
ARLINGTON, VA (April 25, 2022)—Rate cap proponents have been misleadingly touting Illinois’ 36% rate cap law as a success story, implying that its enactment has…
-Most Short-Term, Small-Dollar Loan Users Report They Have Struggled to Pay Bills or Access Credit Since Rate Cap Took Effect- ARLINGTON, Va. (February 23, 2022)—A…
OLA In the News
Posted by: Jeff Brownlee By Carter Dougherty Bloomberg August 9, 2013 The Department of Justice and the Federal Deposit Insurance Corp. are pressuring banks to…
Posted by: Jeff Brownlee By Alan Zibel and Brent Kendall The Wall Street Journal The Justice Department is targeting banks that service a broad range…
Posted by: Heather Behrmann American Banker website By Lisa McGreevy Last week the Federal Deposit Insurance Corp. confirmed what we, in the short-term lending industry,…
Posted by: Liz Jones By Jim Puzzanghera, Los Angeles Times February 22, 2012, 5:43 a.m. Reporting from Washington— Federal regulators warned of a new scam in…
One of the newest consumer scams involves debt collectors who bully consumers into paying debts they don’t owe.
One scheme, which has bilked U.S. consumers out of some $5 million so far, involved about 8 million phone calls originating in India. They were placed to American consumers over an eight-month period, the Federal Trade Commission said Tuesday.
