News - Online Lenders Alliance

Federal Policy Press Press Release

Online Lenders Alliance: Senator Durbin’s Latest National 36 Percent Interest Rate Cap Legislation Would Eliminate Vital Credit Products, Harming Consumers

-Illinois Consumers’ Experiences After Rate Cap Clearly Demonstrate Rate Caps’ Negative Impacts- ARLINGTON, Va. (September 7, 2023)—After Senator Dick Durbin (D-Ill.) introduced his latest…

OLA StaffSeptember 8, 2023

Research Resources State Policy Resources

An Illinois Consumer Survey: Understanding the Impact of the 2021 Rate Cap on Consumers (Updated July 25, 2023)

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OLA CommsJuly 25, 2023

Comment Letters

Request for Information Regarding Data Brokers and Other Business Practices (Docket No.: CFPB-23-0020)

The Online Lenders Alliance submitted comments in response to the Consumer Financial Protection Bureau's Request for Information Regarding Data Brokers and Other Business Practices.

OLA CommsJuly 13, 2023

Federal Policy Press Press Release State Policy Press

New Report Offers Further Evidence About Consumers’ Inability to Access Small Dollar Credit from Banks and Credit Unions

-Southwest Public Policy Institute Investigation Plainly Refutes False Claims that Credit Unions’ Small Dollar Loan Products Will Meet the Needs of Most Consumers- ARLINGTON,…

OLA StaffJune 20, 2023

Federal Policy Press Press Release

Online Lenders Alliance Statement on New Federal Reserve “Economic Well-Being of U.S. Households” Report: Latest Data Demonstrates Consumers’ Continued Need for Available Credit Options

ARLINGTON, Va. (June 1, 2023)—After the Federal Reserve issued its new Economic Well-Being of U.S. Households in 2022 report last week, based on results from…

OLA StaffJune 8, 2023

OLA in the News

American Banker: Colorado’s New Law on High-Cost Lending May Be a Model for Other States

The Online Lenders Alliance, a trade group that represents high-cost lenders, cautioned other states against following Colorado's lead, saying that the new law will be…

OLA CommsJune 7, 2023

OLA in the News

The Legislator Magazine: Financial Technology Helps Consumers Living Paycheck to Paycheck

Online Lenders Alliance Executive Director Andrew Duke authored an article for the Summer 2023 edition of The Legislator Magazine entitled "Financial Technology Helps Consumers Living…

OLA CommsJune 1, 2023

OLA in the News

American Banker: Banks Now Offer Payday-Loan Alternatives. How Many People Use Them?

A new survey — conducted by the Online Lenders Alliance, a trade group whose members offer payday loans and expensive installment loans — finds that…

OLA CommsMay 21, 2023

Federal Policy Press Press Release Research Press

New Online Lenders Alliance Survey Data Finds Many Customers of the Six Largest Banks Offering Small Dollar Loans Continue to Rely on Alternative Lenders to Help Meet Credit Needs

-Nearly Three out of Every Ten Consumers who Recently Used a Small Dollar Online Installment Lending Product were Customers of the Six Banks Touted as…

OLA StaffMay 17, 2023

Online Lenders Alliance News

Online Lenders Alliance: Senator Durbin’s Latest National 36 Percent Interest Rate Cap Legislation Would Eliminate Vital Credit Products, Harming Consumers

An Illinois Consumer Survey: Understanding the Impact of the 2021 Rate Cap on Consumers (Updated July 25, 2023)

Request for Information Regarding Data Brokers and Other Business Practices (Docket No.: CFPB-23-0020)

New Report Offers Further Evidence About Consumers’ Inability to Access Small Dollar Credit from Banks and Credit Unions

Online Lenders Alliance Statement on New Federal Reserve “Economic Well-Being of U.S. Households” Report: Latest Data Demonstrates Consumers’ Continued Need for Available Credit Options

American Banker: Colorado’s New Law on High-Cost Lending May Be a Model for Other States

The Legislator Magazine: Financial Technology Helps Consumers Living Paycheck to Paycheck

American Banker: Banks Now Offer Payday-Loan Alternatives. How Many People Use Them?

New Online Lenders Alliance Survey Data Finds Many Customers of the Six Largest Banks Offering Small Dollar Loans Continue to Rely on Alternative Lenders to Help Meet Credit Needs

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