OKLAHOMA CITY, OK -- (Marketwired) -- 07/31/13 -- American Web Loan has received accreditation by the Online Lenders Alliance (OLA). A leading provider of online lending products nationwide, American Web Loan is among the first members to earn OLA accreditation.
The OLA Accreditation program is designed as a compliance audit to test a lender's adherence to federal consumer financial services law requirements and OLA Best Practices. Companies who pass all the tests, as determined by an independent third-party assessor, receive the OLA Accreditation seal to recognize that their practices are consistent with the requirements of federal consumer financial services laws and OLA Best Practices.
"Through our accreditation program, OLA further ensures that consumers can trust that the businesses they are working with are committed to compliance with our industry's highest standards," said Lisa McGreevy, President and CEO of the Online Lenders Alliance.
"The recently-inaugurated OLA Accreditation program is the latest program in which OLA members can actively demonstrate their commitment to the highest industry standards and best practices. We are proud to have earned this significant accreditation and look forward to continuing to uphold every rule and regulation that comprises the OLA's Best Practices," said James Hopper, Vice President of Operations for American Web Loan.
About American Web Loan:American Web Loan is a tribal lending company that is wholly owned by the Otoe-Missouria Tribe of Indians and its members, a sovereign nation located within the United States of America. AWL is dedicated to providing short-term financial solutions to Americans in need. Since its formation in 2010, American Web Loan has built a nationwide reputation for spearheading the industry's most innovative financial products backed by a singular commitment to client service excellence. The company combines an unparalleled team of experienced and dedicated financial professionals with state-of-the-art online technologies to successfully meet emergency financial needs. In addition to its sought-after portfolio of loan choices, American Web Loan offers comprehensive customer loyalty and financial education programs expressly designed to help solve money challenges in the short-term and improve clients' lives in the long-term. American Web Loan is a member of The Native American Financial Services Association (NAFSA) and the Online Lenders Alliance (OLA). Established in 2012, NAFSA advocates for Native American sovereign rights and enables tribes to offer responsible online lending products. The OLA represents U.S. companies offering online consumer short-term loans committed to industry excellence by standardizing best practices by which loans should be made.
About Online Lenders Alliance:The Online Lenders Alliance is a professional trade organization representing the growing industry of companies offering consumers small, short-term loans online. OLA member companies abide by a list of Best Practices and Code of Conduct to ensure that customers are fully informed and fairly treated.
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