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State Policy Resources

OLA works in states on both a proactive and reactive basis, supporting legislation favorable to more financial options for consumers through online lending and combatting legislation that would eliminate credit access or negatively impact OLA members’ ability to serve their customers. OLA also maintains active engagement in a number of state trade groups.

OLA also works to support federal legislation and regulatory policies favorable to its members. See our resources for Federal and Regulatory Policy as well as our research priorities.

State Policy Resources

November 14, 2023

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

July 25, 2023

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

February 23, 2022

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

Press Releases

Jun 26

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Online Lenders Alliance Statement on Alaska Governor’s Veto of 36 Percent Rate Cap Legislation

By OLA Comms Press Release, State Policy Press

ARLINGTON, Va. (June 26, 2025)—After Alaska Governor Mike Dunleavy vetoed the state’s SB39, legislation that would impose new restrictions on credit that would restrict access…

Mar 27

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Only 43 Percent of Installment Loan Licenses Remain in Illinois After Statewide Rate Cap Took Effect, As Numbers Continue to Drop Year-over-Year

By OLA Comms Press Release, State Policy Press

-Number of Installment Lender Licenses Experienced Another Sharp Decline, Falling 13.4 Percent in the Past Year- ARLINGTON, Va. (March 27, 2025)—Four years after Illinois implemented…

Mar 25

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Online Lenders Alliance Statement on Virginia Governor Glenn Youngkin’s Veto of Rate Cap Legislation

By OLA Comms Press Release, State Policy Press

ARLINGTON, Va. (March 25, 2025)—After Virginia Governor Glenn Youngkin vetoed SB 1252, legislation that would severely restrict access to credit and financial products in Virginia,…

Jun 20

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Online Lenders Alliance Applauds Court Decision Stopping Colorado’s DIDMCA Opt-Out: Temporary Legal Relief Should Be Made Permanent to Protect Consumers’ Credit Access

By OLA Comms Press Release, State Policy Press

ARLINGTON, Va. (June 20, 2024)—After a federal judge temporarily stopped Colorado from opting out of the 1980 Depository Institutions Deregulation and Monetary Control Act (DIDMCA)…

Mar 21

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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…

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