OLA Comments in response to CFPB Request For Information (RFI) regarding preventing credit discrimination and building a more inclusive financial system.
OLA filed comments with the CFPB regarding an RFI focused on strategies to prevent credit discrimination and build a more inclusive financial system. OLA comments focused on ways to expand access to capital, the role alternative data plays in helping consumers, how OLA members are protecting Consumers and the negative impact that rate caps would have on future efforts for credit inclusion.
Read the full comment here.
Small Business Lending Data Collection Under the Equal Credit Opportunity Act (Regulation B) Docket No. CFPB 2021-0015