Tagged: mary jackson

Online Lenders Alliance Publish Report on Fraud in Online Lending

The Online Lenders Alliance (OLA), a group that claims up to 80% of all online lending in the US, has published a report on industry fraud and abuse. The report, created in part by using a web crawler designed to “weed out” bad actors, has… Read More

The CFPB Proposes Changes to PayDay Lending Rules

The Consumer Financial Protection Bureau has proposed changes to the 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” In brief, the CFPB is proposing to “rescind the rule’s requirements that lenders make certain underwriting determinations before issuing payday, single-payment vehicle title,… Read More

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