News - Online Lenders Alliance

Federal Policy Press Press Release

Online Lenders Alliance Statement on Proposal to Implement Interest Rate Cap on Credit Cards

ARLINGTON, Va. (September 30, 2024)—After former president and current Republican presidential nominee Donald Trump proposed a temporary 10 percent APR cap on credit card interest…

OLA CommsSeptember 30, 2024

Press Release Research Press

New Online Lenders Alliance Research Demonstrates that Consumers Rely on More Options for Credit – Banks, Credit Unions, and Alternative Lenders

-Demand for Credit Continues to Rise with Consumers Seeking Mainstream and Alternative Lenders Alike- ARLINGTON, Va. (September 11, 2024)—New survey data released today by the…

OLA CommsSeptember 11, 2024

Press Release State Policy Press

Online Lenders Alliance Applauds Court Decision Stopping Colorado’s DIDMCA Opt-Out: Temporary Legal Relief Should Be Made Permanent to Protect Consumers’ Credit Access

ARLINGTON, Va. (June 20, 2024)—After a federal judge temporarily stopped Colorado from opting out of the 1980 Depository Institutions Deregulation and Monetary Control Act (DIDMCA)…

OLA CommsJune 20, 2024

Federal Policy Press Press Release

Online Lenders Alliance Statement on Supreme Court’s CFPB Ruling

ARLINGTON, Va. (May 16, 2024)—After the U.S. Supreme Court reversed a lower court’s ruling that the Consumer Financial Protection Bureau’s (CFPB) funding violated the Constitution,…

OLA CommsMay 16, 2024

Uncategorized

OLA’s 2023 Policy Priorities

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OLA CommsApril 26, 2024

Federal Policy Resources

Federal Statutes and Regulations Applicable to the Consumer Finance Industry

OLA CommsApril 25, 2024

Press Release Research Press State Policy Press

Three Years Into Illinois Rate Cap, Lender Licenses Are Down 64 Percent, Highlighting How Rate Cap Has Significantly Diminished Consumers’ Access to Credit

-Total Licenses Dropped From 1426 in 2021 to Only 512 Today, Leaving Cash-Strapped Consumers With Fewer Options Than Before Rate Cap’s Implementation- ARLINGTON, Va. (March…

OLA CommsMarch 21, 2024

Consumer Alerts Press Release

Online Lenders Alliance Marks National Consumer Protection Week By Highlighting Year-Round Efforts to Combat Scams and Fraud in Online Lending

-Consumers Seeking Online Loans Should Look for the OLA Seal and Use OLA’s Consumer Hotline To Report Fraud or Get Answers to Any Questions- ARLINGTON,…

OLA CommsMarch 6, 2024

OLA in the News

The Center Square: Nonprofit Lauds Impact of Illinois’ Predatory Loan Prevention Act

The Online Lenders Alliance criticized both the report and the Woodstock Institute. “Since Illinois’ 36% APR cap was signed into law, data and research show…

OLA CommsJanuary 23, 2024

Online Lenders Alliance News