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Treasury Says CFPB’s Payday Lending Rule Is Unnecessary

Tuesday, July 31, 2018
Evan Weinberger | Bloomberg
Scott Astrada

Congress failed to repeal the rule when it had the chance due in part to public support for the regulation, but the Treasury Department’s added push to rescind the rule could give the CFPB under Mulvaney additional cover to do so, Scott Astrada, the federal advocacy director at the Center for Responsible Lending, told Bloomberg Law.