Trump administration moves to gut Consumer Financial Protection Bureau

Trump administration moves to gut Consumer Financial Protection Bureau

0 0 2 years ago
Acting Director of the Consumer Financial Protection Bureau Mick Mulvaney has requested no funding for the next quarter, stating that the reserve fund has $177.1 million, plenty to fund the agency, which expects $145 million in costs—essentially defunding the reserve. This is after his announcement on Tuesday that the agency will delay and revisit regulations on payday lending, a predatory system long understood to target the poor. Jim Kavanagh, the editor of ThePolemicist.net, joins the show.

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