Under Trump Appointee, Customer Protection Agency Seen Assisting Payday Lenders

Under Trump Appointee, Customer Protection Agency Seen Assisting Payday Lenders

Mick Mulvaney, a previous republican lawmaker and present White House spending plan chief, has also been selected as interim mind associated with the customer Financial Protection Bureau.

Payday loan providers seem to have friend that is powerful Washington.

Former Republican Rep. Mick Mulvaney may be the head that is interim of Consumer Financial Protection Bureau. He had been appointed by President Trump amid a continuing a charged energy fight for control of the bureau.

Watchdog groups are up in hands because, under Mulvaney, the CFPB has put on hold a rule that will limit payday lenders and their high-interest-rate loans. Read More