News - Online Lenders Alliance

Comment Letters

Re: Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Proposed Rescission Docket No. CFPB-2025-0011

The Online Lenders Alliance submitted comments in response to the Consumer Financial Protection Bureau’s proposal to rescind its rule requiring certain types of nonbank covered…

OLA CommsJune 13, 2025

OLA in the News

Law360: Vought’s CFPB Finds Industry Fans in Rule Repeal Effort

In their comment letters filed this past week, many of those same trade groups doubled down by reiterating their past criticisms, warning that the rules…

OLA CommsJune 13, 2025

Federal Policy Press Press Release

Online Lenders Alliance Statement on House Financial Services Committee Passage of FIRM Act

ARLINGTON, Va. (May 21, 2025)—Following the House Financial Services Committee’s passage of the Financial Integrity and Regulation Management (FIRM) Act earlier today, Online Lenders Alliance…

OLA CommsMay 21, 2025

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

Comment Letters

Re: Request for Information: Deregulation

The Online Lenders Alliance submitted a comment letter to the Office of Management and Budget responding to its request for information regarding final rules currently…

OLA CommsMay 12, 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

Online Lenders Alliance News

Re: Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders; Proposed Rescission Docket No. CFPB-2025-0011

Law360: Vought’s CFPB Finds Industry Fans in Rule Repeal Effort

Online Lenders Alliance Statement on House Financial Services Committee Passage of FIRM Act

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

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

Re: Request for Information: Deregulation

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

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