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Online Lenders Alliance Appoints CEO of CL Verify, Kim Anderson, as a Member of the Board of Directors

Mon. January 05, 2009; Posted: 10:30 AM
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TAMPA, Fla., Jan 05, 2009 /PRNewswire via COMTEX/ -- EFX | Quote | Chart | News | PowerRating -- CL Verify LLC (www.clverify.com), a leading Credit Bureau providing data and decision support solutions for near-prime lenders, announced that Kim Anderson, CEO of CL Verify, has accepted the nomination to serve on the Board of Directors for the Online Lenders Alliance (OLA), a professional trade organization representing the growing industry of U.S. based companies offering online consumer micro loans. His appointment fills the board seat vacated by Grady Reynolds, a founding member of OLA and current member of CL Verify's Board of Directors.

Mr. Anderson brings more than 25 years of visionary leadership and experience in the payments and decision support industries to his appointment to the Online Lenders Alliance Board of Directors. In addition to his current position as CEO of CL Verify, he has held positions with Equifax, Ceridian and Deluxe Corp where he was directly instrumental in the IPO of eFunds Corp. Mr. Anderson serves on several Boards and is also Founder and CEO of Longitude Partners, Inc. a payments consulting firm.

"Kim's leadership and industry expertise will be an invaluable asset to our efforts and provide additional strength to our Board. His predecessor, Grady Reynolds, was directly instrumental in developing the strategic leadership objectives set forth by OLA and we look forward to Kim stepping in to continue contributing in this role as we strive to maintain standards for fair and compliant lending practices for consumers that need access to short term cash relief," said Mark Curry, Chairman of the Board of OLA.

Mr. Anderson stated, "I am pleased to contribute to the leadership and guidance of the OLA organization. CL Verify strongly believes in and supports OLA's efforts to educate policy makers, consumers, legislators and regulators about the online lending marketplace and the consumer's need for alternative credit products. As we confront the continuing regulatory complexities of the industry, the value of CL Verify's insight into unique consumer information will lend to the efforts of establishing best practices to protect the interests of both lenders and consumers."

About Online Lenders Alliance

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 using all lending products and practices responsibly. For more information, visit www.onlinelendersalliance.org.

About CL Verify LLC

CL Verify LLC is a leading Credit Bureau providing data and decision support solutions for near-prime lenders. Our solutions are built on a proprietary and ever-expanding source of consumer identity, fraud, payday advance, and demand deposit account data to provide lenders with the most comprehensive network of information for mitigating risk and preventing identity fraud. Providing access to over 3 billion debit account records and nearly 30 billion pieces of demographic and public record data, CL Verify has pioneered solutions that assist lenders acquire customers quickly, efficiently and profitably. For more information, visit www.clverify.com.

SOURCE CL Verify LLC

http://www.clverify.com

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