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Federal Policy PressPress Release

Online Lenders Alliance Statement on New Small Dollar Rulemaking

By January 16, 2018May 9th, 2024No Comments

WASHINGTON, DC – January 16, 2018 – Online Lenders Alliance president and CEO Lisa McGreevy today issued the following statement:

“We have always supported sensible regulations that protect access to credit and put consumers first.  We look forward to working with the CFPB to create a rule that accommodates innovation that leads to better options for consumers; allows flexibility to determine ability to repay based on the risk presented by a consumer; and ensures access to credit.”


The Online Lenders Alliance (OLA) is the center for lending, technology and innovation, representing the growing industry of companies offering loans online. OLA members abide by a rigorous set of Best Practices and Code of Conduct to ensure their customers are fully informed and fairly treated.