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CFPB’s Acting Director Is Acting Up: Mulvaney Joins Payday Industry To Fight Regulation

Monday, June 11, 2018
Charlene Crowell | The Center for Responsible Lending
Charlene Crowell
Scott Astrada

Among consumer advocates, Mulvaney’s actions are as unprecedented as they are bizarre. For more than a decade, research by the Center for Responsible Lending (CRL) has consistently found that these small-dollar loans pick the pockets of working people at a rate of $8 billion in fees ever year.