News - Online Lenders Alliance

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

Federal Policy Press Press Release Research Press

American Consumers Benefit from Equitable Online Lender Loans

ARLINGTON, Va. (July 20, 2021)—According to new data from a survey conducted by Morning Consult on behalf of the Online Lenders Alliance (OLA), Black and…

OLA StaffJuly 20, 2021

Federal Policy Press Press Release

OLA Reacts to National Rate Cap Bill

U.S. Senators Dick Durbin (D-IL), Jeff Merkley (D-OR), Richard Blumenthal (D-CT), and Sheldon Whitehouse (D-RI) today introduced legislation to impose national caps on fees and…

OLA StaffJuly 14, 2021

Comment Letters

Request For Information Pertaining to the use of Artificial Intelligence and Machine Learning by Financial institutions.

OLA Comment Letter in response to Request For Information Pertaining to the use of Artificial Intelligence and Machine Learning by Financial institutions. OLA responded to…

CommunicationsJuly 1, 2021

Federal Policy Press Press Release

OLA Statement Following House Vote on True Lender

After the U.S. House voted to overturn the OCC’s True Lender Rule under the Congressional Review Act, Online Lenders Alliance Executive Director Andrew Duke issued…

OLA StaffJune 24, 2021

Press Release

Juneteenth Message from OLA

June 19th is an important holiday in United States history as we commemorate and celebrate the final and full emancipation of enslaved Americans. As we marked…

OLA StaffJune 18, 2021

Online Lenders Alliance News

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

American Consumers Benefit from Equitable Online Lender Loans

OLA Reacts to National Rate Cap Bill

Request For Information Pertaining to the use of Artificial Intelligence and Machine Learning by Financial institutions.

OLA Statement Following House Vote on True Lender

Juneteenth Message from OLA

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