From Bloomberg Two American Indian tribes sued New York state’s financial regulatory agency and its head over his crackdown on Internet lending businesses, some of…
The group that runs the Automatic Clearing House (ACH) system is asked to clarify its letter to banks and processors The Online Lenders Alliance (OLA)…
Posted by: Jeff Brownlee By Mary Wisniewski American Banker August 9, 2013 When Benjamin Lawsky, New York State's Superintendent of Financial Services, sent a letter…
Posted by: Jeff Brownlee By Carter Dougherty Bloomberg August 9, 2013 The Department of Justice and the Federal Deposit Insurance Corp. are pressuring banks to…
Posted by: Jeff Brownlee By Jessica Silver-Greenberg and Ben Protess The New York Times Government authorities are homing in on a lucrative loophole that allows…
Posted by: Jeff Brownlee August 5, 2013 (Washington, D.C.) – Lisa McGreevy, President & CEO of the Online Lenders Alliance (OLA) today issued the following…