07
Aug
Who is the Online Lenders Alliance?
According to the Online Lenders Alliance website, the organization has been around since 2005, when it began working on behalf of the companies involved with the online lending industry. The Organization represents a growing of U.S. based companies offering consumers short-term loans, also known by many as payday loans, cash advance loans, or micro loans.
OLA suggests that with more and more companies offering these short term loans, many industry people became very concerned that there was potential for lenders to not act in good faith. OLA was formed to protect the industry against the potential challenges posed by inept lenders. More »
