On Thursday the online payday lending industry wrapped up a three day-conference at a hotel near the White House, during which it courted senators and congressmen from both parties. When the Online Lenders Alliance formed in 2005, the "first step was to eliminate the 'bad apples' and standardize the principles by which loans should be made."
"When customers see that you belong to OLA, they know they will not only get financial relief," says the OLA's website, "but that they...
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