Research Resources

Mar 21

Three Years Into Illinois Rate Cap, Lender Licenses Are Down 64 Percent, Highlighting How Rate Cap Has Significantly Diminished Consumers’ Access to Credit

By OLA Comms Press Release, Research Press, State Policy Press

-Total Licenses Dropped From 1426 in 2021 to Only 512 Today, Leaving Cash-Strapped Consumers With Fewer Options Than Before Rate Cap’s Implementation- ARLINGTON, Va. (March…

Jan 04

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New Data Shows One Year After New Mexico Implemented Its Rate Cap, Credit Options Are Sharply Lower

By OLA Comms Press Release, Research Press, State Policy Press No Comments

ARLINGTON, Va. (January 4, 2024)—Data from the New Mexico Regulation and Licensing Department (NMRLD) collected and analyzed by the Online Lenders Alliance shows that within…

Nov 14

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Online Lenders Alliance Releases Results of New Mexico Consumer Survey Finding Rate Cap is Leaving Former Short-Term, Small-Dollar Loan Users Struggling to Pay Bills and Access Credit

By OLA Comms Press Release, Research Press, State Policy Press No Comments

-Rate Cap is Failing the Financial Wellbeing of New Mexico Consumers Since Taking Effect January 1, 2023- ARLINGTON, Va. (November 14, 2023)—In the wake of…

May 17

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New Online Lenders Alliance Survey Data Finds Many Customers of the Six Largest Banks Offering Small Dollar Loans Continue to Rely on Alternative Lenders to Help Meet Credit Needs

By OLA Staff Federal Policy Press, Press Release, Research Press No Comments

-Nearly Three out of Every Ten Consumers who Recently Used a Small Dollar Online Installment Lending Product were Customers of the Six Banks Touted as…

Mar 22

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New FOIA Data Confirms That Credit Access in Illinois Remains Significantly Diminished, Leaving Consumers With Fewer Options Two Years After Illinois Implemented 36% Rate Cap

By OLA Staff Press Release, Research Press, State Policy Press No Comments

-Small Dollar Lending Licenses Have Dropped By Nearly 60% Since March 23, 2021- ARLINGTON, Va. (March 22, 2023)—On the second anniversary of Illinois Governor…

A New Mexico Consumer Survey: Understanding the Impact of the 2023 Rate Cap on Consumers

An Illinois Consumer Survey: Understanding the Impact of the 2021 Rate Cap on Consumers (Updated July 25, 2023)

Market Research Report: The Consumer Lending Market

An Illinois Consumer Survey: Understanding the Impact of the 2021 Rate Cap on Consumers

Press Releases

Three Years Into Illinois Rate Cap, Lender Licenses Are Down 64 Percent, Highlighting How Rate Cap Has Significantly Diminished Consumers’ Access to Credit

New Data Shows One Year After New Mexico Implemented Its Rate Cap, Credit Options Are Sharply Lower

Online Lenders Alliance Releases Results of New Mexico Consumer Survey Finding Rate Cap is Leaving Former Short-Term, Small-Dollar Loan Users Struggling to Pay Bills and Access Credit

New Online Lenders Alliance Survey Data Finds Many Customers of the Six Largest Banks Offering Small Dollar Loans Continue to Rely on Alternative Lenders to Help Meet Credit Needs

New FOIA Data Confirms That Credit Access in Illinois Remains Significantly Diminished, Leaving Consumers With Fewer Options Two Years After Illinois Implemented 36% Rate Cap

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