News - Online Lenders Alliance

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

Press Release State Policy Press

Latest Woodstock Institute “Study” Seeks to Hide the Harsh Reality of the Illinois Rate Cap’s Impact on Consumers: Less Access to Credit for Those Who Need it Most

ARLINGTON, Va. (January 16, 2024)—Responding to the latest Woodstock Institute report on the impact of Illinois’ 36 percent rate cap on consumers in the state,…

OLA CommsJanuary 17, 2024

Press Release Research Press State Policy Press

New Data Shows One Year After New Mexico Implemented Its Rate Cap, Credit Options Are Sharply Lower

ARLINGTON, Va. (January 4, 2024)—Data from the New Mexico Regulation and Licensing Department (NMRLD) collected and analyzed by the Online Lenders Alliance shows that within…

OLA CommsJanuary 4, 2024

Comment Letters

Notice of Proposed Rulemaking on Personal Financial Data Rights Docket No. CFPB-2023-0052; RIN 3170-AA78

The Online Lenders Alliance submitted comments to the Consumer Financial Protection Bureau's Notice of Proposed Rulemaking on Personal Financial Data Rights.

OLA CommsDecember 29, 2023

Online Lenders Alliance News