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ARLINGTON, Va. (February 27, 2023)—Following the Supreme Court’s decision to hear an appeal to the Fifth Circuit Court of Appeals’ October 19 ruling that the…

Online Lenders Alliance Statement on Supreme Court’s Decision to Hear Appeal to 5th Circuit Ruling that CFPB Funding Mechanism is Unconstitutional

ARLINGTON, Va. (January 25, 2023)—After Colorado Attorney General Phil Weiser released a study of consumer lending undertaken by the Financial Health Network as directed by…

Online Lenders Alliance: Colorado Consumer Lending Study Confirms that Rate Caps Reduce Credit Options for Consumers and Fail to Improve Consumers’ Wellbeing

ARLINGTON, Va. (January 12, 2022)—According to a recent study released by three leading economists, Illinois’ strict interest rate cap on personal loans has “significantly decreased…

Recently-Released Academic Study Finds Illinois Rate Cap Decreased Credit Availability and Harmed Borrowers’ Financial Well-Being

Online Lenders Alliance Statement on CFPB Proposals to Create Registries for Nonbank Financial Institutions

ARLINGTON, Va. (January 11, 2022)—The Consumer Financial Protection Bureau (CFPB) today released a proposed rule that would create new reporting requirements for supervised, non-depository financial…

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