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Online Lenders Alliance Statement on New Federal Reserve “Economic Well-Being...

ARLINGTON, Va. (June 1, 2023)—After the Federal Reserve issued its new Economic Well-Being of U.S. Households in 2022 report last week, based on results from the 2022 Survey of Household Economics and...

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New Report Offers Further Evidence About Consumers’ Inability to Access Small...

-Southwest Public Policy Institute Investigation Plainly Refutes False Claims that Credit Unions’ Small Dollar Loan Products Will Meet the Needs of Most Consumers-   ARLINGTON, Va. (June 20,...

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Online Lenders Alliance: Senator Durbin’s Latest National 36 Percent Interest...

-Illinois Consumers’ Experiences After Rate Cap Clearly Demonstrate Rate Caps’ Negative Impacts-   ARLINGTON, Va. (September 7, 2023)—After Senator Dick Durbin (D-Ill.) introduced his latest attempt to...

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Online Lenders Alliance Releases Results of New Mexico Consumer Survey...

-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 the 36 percent interest rate cap that took...

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Online Lenders Alliance: FCC’s Decision to Impose One-to-One Consent Puts...

ARLINGTON, Va. (December 13, 2023)—After the Federal Communications Commission (FCC) announced its decision to adopt a new proposal that will restrict consumer choice, Online Lenders Alliance Policy...

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Senator Reed’s 36% Rate Cap Bill Increases Hardships on Millions of Americans...

ARLINGTON, Va. (December 15, 2023)—After Sen. Jack Reed (D-R.I.) reintroduced his perennial legislation to force the Military Lending Act’s credit-eliminating restrictions on millions of Americans,...

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New Data Shows One Year After New Mexico Implemented Its Rate Cap, Credit...

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 the first year of House...

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Latest Woodstock Institute “Study” Seeks to Hide the Harsh Reality of the...

ARLINGTON, Va. (January 16, 2024)—Responding to the latest Woodstock Institute report on the impact of Illinois’ 36 percent rate cap on consumers in the state, Online Lenders Alliance CEO Andrew Duke...

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Online Lenders Alliance Marks National Consumer Protection Week By...

-Consumers Seeking Online Loans Should Look for the OLA Seal and Use OLA’s Consumer Hotline To Report Fraud or Get Answers to Any Questions-  ARLINGTON, Va. (March 6, 2023)—As the nation observes...

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Three Years Into Illinois Rate Cap, Lender Licenses Are Down 64 Percent,...

-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 21, 2024)—As the enactment...

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