News - Online Lenders Alliance

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

Press Release State Policy Press

Online Lenders Alliance Responds to Woodstock Institute Rate Cap Survey: We Make No Apologies for Obtaining Feedback From Illinois Borrowers Who Have Actually Used Small Dollar Loans

ARLINGTON, Va. (October 4, 2022)—Responding to an attack on a previous survey of small dollar loan borrowers and a recent poll commissioned by the Woodstock…

OLA StaffOctober 4, 2022

Federal Policy Press Press Release Research Press

Online Lenders Alliance Releases New Survey Research from Morning Consult Finding that Online Lenders Have Become the Most Common Source of Personal Loans; Overwhelming Majority Say Loans Obtained Online Helped them Manage Financial Situation

-Still, Millions of Americans Still Lack Access to Credit Despite Recent Advancements- ARLINGTON, Va. (October 3, 2022)—A new market research report unveiled at the…

OLA StaffOctober 3, 2022

Federal Policy Press Press Release Research Press

Online Lenders Alliance: New Center for Responsible Lending Report is a Deeply Flawed, Intentionally Misleading, and Methodologically Unsound Salvo in their Ongoing War to Harm Consumers by Eliminating Their Credit Access

ARLINGTON, Va. (September 27, 2022)—In response to a new “research report” released by the Center for Responsible Lending (CRL), Online Lenders Alliance Executive Director Andrew…

OLA StaffSeptember 27, 2022

Online Lenders Alliance News