News - Online Lenders Alliance

Federal Policy Press Press Release

Online Lenders Alliance Issues 2023 Policy Priorities White Paper, Outlining Recommendations for Key Policymakers

ARLINGTON, Va. (March 15, 2023)—This morning, the Online Lenders Alliance (OLA) released its 2023 Policy Priorities white paper, providing a guide for legislators, regulators, and…

OLA StaffMarch 15, 2023

Consumer Alerts Press Release

Online Lenders Alliance Highlights Year-Round Efforts During National Consumer Protection Week; Reminds Consumers to Be Wary of the Warning Signs of Fraud and Scams and Look for the OLA Seal

ARLINGTON, Va. (March 8, 2023)—With March 5-11 designated National Consumer Protection Week in the United States, one of the Online Lenders Alliance (OLA)’s core missions…

OLA StaffMarch 8, 2023

Uncategorized

BankingDive: CFPB’s Fate at Stake in Supreme Court Case

The trade group, Online Lenders Alliance, said it too hopes the Supreme Court’s decision to hear the case will result in increased accountability at the…

OLA CommsFebruary 28, 2023

Federal Policy Press Press Release

Online Lenders Alliance Statement on Supreme Court’s Decision to Hear Appeal to 5th Circuit Ruling that CFPB Funding Mechanism is Unconstitutional

ARLINGTON, Va. (February 27, 2023)—Following the Supreme Court’s decision to hear an appeal to the Fifth Circuit Court of Appeals’ October 19 ruling that the…

OLA StaffFebruary 27, 2023

Comment Letters

Request for Information Regarding Unfair or Deceptive Fees ANPR, R207011 Document ID FTC-2022-0069-0001

The Online Lenders Alliance submitted Comments to the Federal Trade Commission (FTC)'s advance notice of proposed rulemaking "Request for Information Regarding Unfair or Deceptive Fees".…

OLA CommsFebruary 8, 2023

Press Release State Policy Press

Online Lenders Alliance: Colorado Consumer Lending Study Confirms that Rate Caps Reduce Credit Options for Consumers and Fail to Improve Consumers’ Wellbeing

ARLINGTON, Va. (January 25, 2023)—After Colorado Attorney General Phil Weiser released a study of consumer lending undertaken by the Financial Health Network as directed by…

OLA StaffJanuary 25, 2023

Press Release Research Press State Policy Press

Recently-Released Academic Study Finds Illinois Rate Cap Decreased Credit Availability and Harmed Borrowers’ Financial Well-Being

ARLINGTON, Va. (January 12, 2022)—According to a recent study released by three leading economists, Illinois’ strict interest rate cap on personal loans has “significantly decreased…

OLA StaffJanuary 12, 2023

Federal Policy Press Press Release

Online Lenders Alliance Statement on CFPB Proposals to Create Registries for Nonbank Financial Institutions

ARLINGTON, Va. (January 11, 2022)—The Consumer Financial Protection Bureau (CFPB) today released a proposed rule that would create new reporting requirements for supervised, non-depository financial…

OLA StaffJanuary 11, 2023

Press Release State Policy Press

New Mexico Rate Cap Taking Effect January 1 is a Shift in the Wrong Direction For New Mexico Consumers

Small Loan Companies Already Leaving the State In advance of New Mexico’s 36 percent rate cap on small dollar loans taking effect on January 1,…

OLA StaffDecember 30, 2022

Online Lenders Alliance News

Online Lenders Alliance Issues 2023 Policy Priorities White Paper, Outlining Recommendations for Key Policymakers

Online Lenders Alliance Highlights Year-Round Efforts During National Consumer Protection Week; Reminds Consumers to Be Wary of the Warning Signs of Fraud and Scams and Look for the OLA Seal

BankingDive: CFPB’s Fate at Stake in Supreme Court Case

Online Lenders Alliance Statement on Supreme Court’s Decision to Hear Appeal to 5th Circuit Ruling that CFPB Funding Mechanism is Unconstitutional

Request for Information Regarding Unfair or Deceptive Fees ANPR, R207011 Document ID FTC-2022-0069-0001

Online Lenders Alliance: Colorado Consumer Lending Study Confirms that Rate Caps Reduce Credit Options for Consumers and Fail to Improve Consumers’ Wellbeing

Recently-Released Academic Study Finds Illinois Rate Cap Decreased Credit Availability and Harmed Borrowers’ Financial Well-Being

Online Lenders Alliance Statement on CFPB Proposals to Create Registries for Nonbank Financial Institutions

New Mexico Rate Cap Taking Effect January 1 is a Shift in the Wrong Direction For New Mexico Consumers

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