Mulvaney’s CFPB Joins With Payday Lenders in Seeking Delay of CFPB Payday Rule
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB), which is led by the unlawfully appointed “Acting Director” Mick Mulvaney, joined the leading payday lenders’ association in filing a joint motion to delay the compliance date for the CFPB’s rule on payday loans (PDF) until 445 days from the final judgement of litigation challenging the rule. Center for Responsible Lending (CRL) Director of Federal Policy Scott Astrada issued the following statement: It is appalling that an agency with a primary mission of protecting consumers is now teaming up with a payday lending