Under Trump Appointee, Customer Protection Agency Viewed Assisting Payday Lenders

Under Trump Appointee, Customer Protection Agency Viewed Assisting Payday Lenders

Mick Mulvaney, A republican that is former lawmaker present White House spending plan chief, has also been picked as interim mind associated with the customer Financial Protection Bureau. Astrid Riecken/Getty Photos hide caption

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

Astrid Riecken/Getty Images

Payday loan providers may actually have effective buddy in Washington.

Previous Republican Rep. Mick Mulvaney may be the interim head associated with the customer Financial Protection Bureau.

he had been appointed by President Trump amid a continuous a charged power battle for control over the bureau.

Watchdog groups are up in hands because, under Mulvaney, the CFPB has put in hold a rule that could limit payday lenders and their loans that are high-interest-rate. Continue reading Under Trump Appointee, Customer Protection Agency Viewed Assisting Payday Lenders