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…
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ARLINGTON, Va. (October 4, 2022)—Responding to an attack on a previous survey of small dollar loan borrowers and a recent poll commissioned by the Woodstock…
-Still, Millions of Americans Still Lack Access to Credit Despite Recent Advancements- ARLINGTON, Va. (October 3, 2022)—A new market research report unveiled at the…
ARLINGTON, Va. (September 27, 2022)—In response to a new “research report” released by the Center for Responsible Lending (CRL), Online Lenders Alliance Executive Director Andrew…
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)…
OLA In the News
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.
A federal judge in Chicago moved to shut businesses that allegedly used illegally obtained personal financial data to make threatening debt collection calls from India to thousands of consumers who didn’t owe them money.
(CHICAGO) (WLS) — The Federal Trade Commission warns consumers about what they call fraudulent debt collectors.
The agency says the companies included in a new lawsuit prey on people who have used online payday loan services. The lawsuit was filed against two companies and one individual. Officials say they used threats and scare tactics to get people to make payments they do not really owe.
A phone scam in which callers in India posed as debt collectors bilked millions of dollars out of more than 10,000 U.S. residents by using threats of arrest or the loss of their jobs, U.S. authorities said Tuesday in what they described as a first-of-its-kind investigation.
The following op-ed was posted on the American Banker website on January 25, 2012. CFPB Must Work with Legit Online Lenders, Stop Outlaws By Lisa…
