Sharks Swim Free at Trump Golf Course

February 5, 2018 by  
Filed under Issues, Payday Lending, Recent Blog Posts

Alan Rappeport of the New York Times describes how the Trump Administration has befriended legalized loan sharks:

In mid-April, hundreds of members of the payday lending industry will head to Florida for their annual retreat featuring golf and networking at a plush resort just outside Miami. The resort just happens to be the Trump National Doral Golf Club.

It will cap a year in which the industry has gone from villain to victor, the result of a concentrated lobbying campaign that has culminated in the Trump administration’s loosening regulatory grip on payday lenders and a far friendlier approach by the industry’s nemesis, the Consumer Financial Protection Bureau.

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