-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…
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Media Resources
Online Lenders Alliance Statement on Virginia Governor Glenn Youngkin’s Veto of Rate Cap Legislation
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,…
-Consumers Seeking Online Loans Should Know the Signs of Scams and Fraud, Look For OLA Seal, and Use OLA’s Consumer Hotline To Report Issues- ARLINGTON,…
ARLINGTON, Va. (February 6, 2024)—After Senators Josh Hawley (R-Mo.) and Bernie Sanders (I-Vt.) introduced legislation to cap annual interest rates on credit cards at 10…
ARLINGTON, Va. (February 5, 2025)—The Online Lenders Alliance (OLA) today released its latest batch of survey data, covering the entirety of 2024, which revealed that…
OLA In the News
For decades, federal regulators and policy makers have grappled with how to foster credit inclusion to the financially underserved. Many programs were developed with little…
Innovation in online lending has shifted consumers away from traditional payday lenders. And while that’s a safer bet, the shift has also sparked a misguided…
For some Native American tribes, online lending has become a critical part of their economic development efforts. Unlike the federal, state and local governments, which…
It’s time for companies like Google and Facebook to rethink their blanket bans on short-term lending products. OLA members are state-licensed, adhere to 18 federal…
As the first trade association in fintech, it is OLA’s duty to make online lending a safe and reliable source for consumers. OLA CEO shares…
