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Category:  Press » Finances

 

Online Lenders Alliance Support Efforts to Increase Financial Literacy

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2008-01-26 02:01:15     
Online Lenders Alliance

Former President Bill Clinton and California Governor Arnold Schwarzenegger have co-authored a column in the Wall Street Journal calling for efforts to increase financial literacy and develop options in the financial marketplace for working Americans.

"We welcome the understanding and acknowledgment by former President Clinton and Governor Schwarzenegger that expanding access to credit, providing alternatives in the free market, and offering support for making responsible financial decisions will benefit individuals and the broader economy," said Online Lenders Alliance Board Chairman Mark Curry

The Online Lenders Alliance (OLA) has long offered financial education and credit counseling resources to consumers. OLA is currently working with members of Congress, community leaders, and local outreach groups on financial literacy programs that will help Americans, young and old, understand credit and the importance of properly managing money.

"Our members are committed to providing the tools and resources that lead to a conscious and educated consumer," commented Curry.

"We believe the financial marketplace is a restricted area for many working Americans. We are encouraged by the efforts of political leaders to address needs the traditional banking community have long ignored," Curry concluded.

The Online Lenders Alliance is a professional trade organization representing the growing industry of U.S. based companies offering online consumer micro-loans. OLA member companies abide by a List of Best Practices and Code of Conduct to ensure that customers are fully informed fairly treated and are using all lending products and practices responsibly.

For more information, please contact Cole Kimball, Executive Director at (303) 825-0406 or visit our website at http://www.onlinelendersalliance.org.

Specialized in: Online Lenders Alliance
URL: http://www.onlinelendersalliance.org
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