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New Consumer Financial Protection Bureau (CFPB) Proposal Leaves Consumers Vulnerable To The Debt Trap.
Donald Trump and CFPB Acting Director Mick Mulvaney are attempting to sabotage the Payday Rule by eliminating the Ability-To-Repay standard. Ironically enough, the two of them combined have taken nearly $2 million from payday lenders.
Payday lenders showered him with campaign cash. Now Mulvane wants to gut a CFPB rule protecting borrowers from the payday debt trap.