Commentary: Online lenders are committed to working with CFPB

01/25/2012 | AmericanBanker.com (subscription required)

Lisa McGreevy, head of the Online Lenders Alliance, commends the Consumer Financial Protection Bureau's intentions to tackle illegal payday-lending activities. "OLA and its members are committed to working with the CFPB and other regulatory agencies to ensure that consumers are protected from unscrupulous lenders," McGreevy writes. "At the same time, it is essential that the CFPB ensures that consumers continue to have online access to emergency credit products such as those offered by OLA members."

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