Mick Mulvaney: Payday Industry Puppet

Our friends at Allied Progress have put together a collection of research highlighting Trump’s unlawfully appointed CFPB Director Mick Mulvaney’s ties to the legalized loan sharking industry.

Here’s more:

Yesterday, Mick Mulvaney’s Consumer Financial Protection Bureau (CFPB) announced it would waive compliance and reconsider its important new rule issued earlier this year that would have protected consumers from predatory payday, car title, and other short-term lenders. For those who have followed his career, this action was no surprise. While the Trump administration has paid lip service to the notion of taking on powerful financial interests and standing up for hard working Americans, Mulvaney has always been a payday industry puppet.

Prior to his appointment by Trump as CFPB “acting director,” the Bureau thoroughly and thoughtfully considered every aspect of the payday lending issue over the course of several years. There is quite literally no reason to delay implementation of this rule – unless, like Mulvaney, you are more concerned with the needs of payday lenders than you are with the interests of the consumers these financial bottom-feeders prey upon.

Check out the research>

For more on our work to fight back against payday predators, follow @TNCitizenAction


 

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