August 6, 2015 (Washington, D.C.) — The Online Lenders Alliance (OLA), today praised small business lending leaders’ creation of the Small Business Borrowers Bill of Rights.
“I applaud small business lenders’ dedication to transparency and fairness with the creation of the Small Business Borrowers Bill of Rights. Companies like Fundera, Lending Club, and Lending Circle are leading the way in transforming the marketplace with lending technology platforms small business owners need to prosper,” said Lisa McGreevy, President and CEO of the Online Lenders Alliance.
“OLA adopted its own set of best practices and a code of conduct when it was created that has brought transparency, fairness, fraud prevention, and a focus on the customer experience that has become the standard for online consumer lending.”
The Online Lenders Alliance is represents the growing industry of companies offering consumers small, short-term loans online. OLA member companies abide by industry-leading Best Practices and Code of Conduct to ensure that customers are fully informed and fairly treated.