Oklahoma Consumer
         Finance Association
105 NE 27th
Oklahoma City, OK 73105
(405)528-7705 Fax: (405)528-7708

Oklahoma Consumer Finance Association
The Voice of the Moral Majority of Small Loan Companies

What is the OCFA?

The OCFA was originally organized as the "Oklahoma Association of Small Loan Companies" on July 21, 1941. In 1952 the name was changed to the Oklahoma Consumer Finance Association(OCFA).

In 2001, the SLCO merged with the OCFA. The SLCO was formed in 1997 in order to carry on and protect the work of the Council for Credit Reform (CCR). The CCR successfully sponsored through the Oklahoma legislature HB 1393, a set of historic reforms which were designed to introduce a new era of peace and stability for the small loan industry.

The council achieved its goals by appealing to the majority of lenders large and small, from all three previous associations, and was quickly able to replace those old associations in the public eye as the sole legitimate voice of the B loan business. The OCFA will continue to be the voice of the Industry, but not necessarily of all in the Industry. Association members must agree to conduct their business according to a code of clearly defined moral guidelines, representing conduct of the highest ethical standards.

We Believe that it is by upholding and promoting those high standards of behavior that we can best serve the people of Oklahoma and promote the continued stability of the small loan industry.

What is the primary goal of the OCFA?

The OCFA aims to promote and preserve conditions of stability under which small loan companies, their owners and employees can make long term plans and invest for the future, and as a result of their investment, aims to provide a stable and continuing source of credit to Oklahoman's.

How will this goal be achieved?

The association aims to ensure that the Industry is perceived positively by the general public and by those involved in public policy.

To this end it will work with the media to ensure that it is accurately and fairly represented, and will work with the Department of Consumer Credit and the Administrator to ensure that the kinds of practices and operators which would be likely to bring the Industry into disrepute are not permitted to do so.

Association members believe that by acting together we will be able to afford the best legal representation and advice on matters affecting the Industry.

Copyright © 2012 Oklahoma Consumer Finance Association, Inc. All Rights Reserved

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