Cortez Masto, Senators Urge Fed Inspector General to analyze Mulvaney’s Close Ties with Pay Day Loan Industry

Cortez Masto, Senators Urge Fed Inspector General to analyze Mulvaney’s Close Ties with Pay Day Loan Industry Vegas, Nev. – U.S. Senator Catherine Cortez Masto (D-Nev.) delivered a page to Mark Bialek, Inspector General associated with the Federal Reserve System, urging him to research Mick Mulvaney’s actions as President Trump’s appointed director that is‘acting at the customer Financial Protection Bureau (CFPB) after reports surfaced that Mulvaney has had numerous actions to profit payday loan providers. Mulvaney has delayed the utilization of the CFPB’s ‘Payday Rule’ built to protect customers from predatory lending practices and withdrew case against four payday that is deceptive. The letter has also been finalized by U.S. Senators « Continue »