News - Online Lenders Alliance

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

Uncategorized

KOAT: Storefront Lenders Could Go Out of Business When New Law Capping Interest Rates Begins

"The reality is, is that a lot of the folks who use small-dollar loans and rely on this sort of access to credit, they are…

OLA CommsDecember 29, 2022

Federal Policy Resources Research Resources

Market Research Report: The Consumer Lending Market

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OLA CommsOctober 26, 2022

Federal Policy Press Press Release

Online Lenders Alliance Statement on Fifth Circuit Decision Determining CFPB Funding Mechanism Is Unconstitutional

After the Fifth Circuit Court of Appeals issued a ruling on Wednesday night finding that the Consumer Financial Protection Bureau’s funding mechanism violated the U.S.…

OLA StaffOctober 20, 2022

Consumer Alerts Press Release

Online Lenders Alliance Consumer Alert: Consumers Should be Wary of Potential Scams and Fraud Schemes in the Wake of Catastrophic Events Like Hurricane Ian

ARLINGTON, Va. (October 7, 2022)— One of the Online Lenders Alliance’s core missions is to protect consumers by ensuring that the companies they choose for…

OLA StaffOctober 7, 2022

Online Lenders Alliance News