Oklahoma Consumer Finance Association

The Oklahoma Consumer Finance Association (OCFA) was established in 1941 as the "Oklahoma Association of Small Loan Companies," later changing its name in 1952. It serves as a vital advocate and educational leader for the installment lending community within Oklahoma. The association focuses on promoting the welfare and education of its member businesses, which are engaged in the installment lending business, and the public regarding responsible credit use.

OCFA achieves its goals by employing legal counsel to keep members informed on federal and state regulations, including the Dodd-Frank Act and Consumer Financial Protection Bureau guidelines. It also retains a full-time lobbyist to represent the industry's interests before the state legislature, actively participating in the political process to ensure awareness of the installment lending industry's significance and the needs of small loan borrowers.

The association fosters communication among its members through an annual conference, offering informative meetings, continuing education, legal updates, and networking opportunities. OCFA maintains affiliations with national bodies like the American Financial Services Association (AFSA) and the National Installment Lenders Association (NILA) to provide its members with broader industry insights and regulatory updates from across the country.