News - Online Lenders Alliance

OLA in the News Uncategorized

Law360: CFPB Floats Repeal of Biden-Era Registry, Designation 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,"…

OLA CommsMay 13, 2025

Federal Policy Press Press Release

Online Lenders Alliance Statement on CFPB’s Proposed Rule Rescinding Nonbank Registry

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…

OLA CommsMay 13, 2025

Federal Policy Press Press Release

Online Lenders Alliance Statement on CFPB’s Announcement Regarding the 2017 Small Dollar Rule

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…

OLA CommsMarch 28, 2025

OLA in the News

Law360: CFPB Says It Won’t ‘Prioritize’ Payday Rule Enforcement

Andrew Duke, CEO of the Online Lenders Alliance, said Friday that the CFPB is right to be "hitting the brakes" on what's left of the…

OLA CommsMarch 28, 2025

OLA in the News

American Banker: CFPB Will Not Enforce Payday Lending Rule

Andrew Duke, CEO of the Online Lenders Alliance and a former policy associate director at the CFPB, said the rule is outdated. "We applaud the…

OLA CommsMarch 28, 2025

OLA in the News

American Banker: CFPB’s Payday Rule Goes Into Effect in Test of Trump Policy

Andrew Duke, CEO of the Online Lenders Alliance and a former policy associate director at the CFPB, said the payday rule holds small dollar lenders…

OLA CommsMarch 27, 2025

Press Release State Policy Press

Only 43 Percent of Installment Loan Licenses Remain in Illinois After Statewide Rate Cap Took Effect, As Numbers Continue to Drop Year-over-Year

-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…

OLA CommsMarch 27, 2025

Press Release State Policy Press

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 CommsMarch 25, 2025

Consumer Alerts Press Release

Online Lenders Alliance Highlights Year-Round Efforts to Combat Scams and Fraud in Online Lending for National Consumer Protection Week

-Consumers Seeking Online Loans Should Know the Signs of Scams and Fraud, Look For OLA Seal, and Use OLA’s Consumer Hotline To Report Issues- ARLINGTON,…

OLA CommsMarch 6, 2025

Online Lenders Alliance News

Law360: CFPB Floats Repeal of Biden-Era Registry, Designation Rules

Online Lenders Alliance Statement on CFPB’s Proposed Rule Rescinding Nonbank Registry

Online Lenders Alliance Statement on CFPB’s Announcement Regarding the 2017 Small Dollar Rule

Law360: CFPB Says It Won’t ‘Prioritize’ Payday Rule Enforcement

American Banker: CFPB Will Not Enforce Payday Lending Rule

American Banker: CFPB’s Payday Rule Goes Into Effect in Test of Trump Policy

Only 43 Percent of Installment Loan Licenses Remain in Illinois After Statewide Rate Cap Took Effect, As Numbers Continue to Drop Year-over-Year

Online Lenders Alliance Statement on Virginia Governor Glenn Youngkin’s Veto of Rate Cap Legislation

Online Lenders Alliance Highlights Year-Round Efforts to Combat Scams and Fraud in Online Lending for National Consumer Protection Week

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