News - Online Lenders Alliance

Consumer Alerts Press Release

Online Lenders Alliance Issues Updated Best Practices to Guide Short-Term Lending Industry, Set Industry Standards and Improve Borrower Outcome

Online Lenders Alliance Members Must Adhere to Robust Best Practices Designed to Provide Access to Short-Term Credit While Ensuring Consumer Protection- ARLINGTON, Va. (December 16,…

CommunicationsDecember 16, 2021

Federal Policy Press Press Release

Online Lenders Alliance Statement on House Legislation to Eliminate Vital Forms of Credit for Consumers by Capping APRs at 36 Percent

Representatives Glenn Grothman (WI-06) and Jesus “Chuy” Garcia (IL-04) today introduced companion legislation to S.2508 (the Veterans and Consumers Fair Credit Act) that would eliminate…

CommunicationsNovember 16, 2021

Comment Letters

Proposed Interagency Guidance on Third-Party Relationships: Risk Management Docket No. Op-1752

Proposed Third-Party Risk Management Guidelines The Federal Reserve, FDIC and OCC jointly issued proposed guidance on banking organizations’ risk management of third-party relationships. The goal…

CommunicationsOctober 20, 2021

Federal Policy Press Press Release

OLA Responds to Senate Confirmation of Rohit Chopra as New CFPB Director

After the U.S. Senate confirmed Rohit Chopra to be the Director of the Consumer Financial Protection Bureau by a vote of 50-48, Online Lenders Alliance…

CommunicationsOctober 1, 2021

Comment Letters - State

OLA California Comments on Department of Financial Protection and Innovation’s (DFPI) proposal to amend the Pilot Program for Increased Access to Responsible Small Dollar Loans (PRO 04-21).

The Online Lenders Alliance (OLA) represents the online lending industry and companies that provide services to online lenders. We appreciate the invitation to provide comments…

CommunicationsSeptember 20, 2021

Comment Letters - State

OLA Comments on California Consumer Financial Protection Law (“CCFPL”): Commercial Financing to Small Businesses, Nonprofits, and Family Farms (“PRO 02-21”)

The Online Lenders Alliance (OLA) represents the online lending industry and companies that provide services to those online lenders. We appreciate the invitation to provide…

CommunicationsSeptember 17, 2021

Comment Letters - State

OLA Comments on rulemaking under the California Consumer Financial Protection Law: Consumer Complaints (PRO 03-21).

The Online Lenders Alliance (OLA) represents the online lending industry and companies that provide services to those online lenders. We appreciate the invitation to provide…

CommunicationsSeptember 17, 2021

Federal Policy Press Press Release

Online Lenders Alliance Statement on Senate Legislation to Eliminate Vital Forms of Credit for Consumers by Capping APRs at 36 Percent

After U.S. Senators Jack Reed (D-R.I.), Jeff Merkley (D-Ore.), Sherrod Brown (D-Ohio), and Chris Van Hollen (D-Md.) introduced legislation that would eliminate access to credit…

OLA StaffJuly 29, 2021

Federal Policy Press Press Release

CLAIM VS. REALITY: New DoD Report Misses Key Information on Impact of Military Lending Act (MLA) and Military Annual Percentage Rate (MAPR) Caps

ARLINGTON, VA. (July 28, 2021)—A new report required under on the National Defense Authorization Act (NDAA) for Fiscal Year 2021 ‘on a Military Annual Percentage…

OLA StaffJuly 28, 2021

Online Lenders Alliance News

Online Lenders Alliance Issues Updated Best Practices to Guide Short-Term Lending Industry, Set Industry Standards and Improve Borrower Outcome

Online Lenders Alliance Statement on House Legislation to Eliminate Vital Forms of Credit for Consumers by Capping APRs at 36 Percent

Proposed Interagency Guidance on Third-Party Relationships: Risk Management Docket No. Op-1752

OLA Responds to Senate Confirmation of Rohit Chopra as New CFPB Director

OLA California Comments on Department of Financial Protection and Innovation’s (DFPI) proposal to amend the Pilot Program for Increased Access to Responsible Small Dollar Loans (PRO 04-21).

OLA Comments on California Consumer Financial Protection Law (“CCFPL”): Commercial Financing to Small Businesses, Nonprofits, and Family Farms (“PRO 02-21”)

OLA Comments on rulemaking under the California Consumer Financial Protection Law: Consumer Complaints (PRO 03-21).

Online Lenders Alliance Statement on Senate Legislation to Eliminate Vital Forms of Credit for Consumers by Capping APRs at 36 Percent

CLAIM VS. REALITY: New DoD Report Misses Key Information on Impact of Military Lending Act (MLA) and Military Annual Percentage Rate (MAPR) Caps

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