FILE - In this Nov. 27, 2017, file photo, Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington. Tougher rules governing the payday lending industry will remain in place for now after Congress allowed a deadline to overrule them pass without action. It’s a rare victory for consumer groups in the era of President Donald Trump. The bureau now under the control of Trump appointee Mulvaney, has already announced plans to revisit the regulations.
FILE - In this Nov. 27, 2017, file photo, Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington. Tougher rules governing the payday lending industry will remain in place for now after Congress allowed a deadline to overrule them pass without action. It’s a rare victory for consumer groups in the era of President Donald Trump. The bureau now under the control of Trump appointee Mulvaney, has already announced plans to revisit the regulations. Jacquelyn Martin, File AP Photo
FILE - In this Nov. 27, 2017, file photo, Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington. Tougher rules governing the payday lending industry will remain in place for now after Congress allowed a deadline to overrule them pass without action. It’s a rare victory for consumer groups in the era of President Donald Trump. The bureau now under the control of Trump appointee Mulvaney, has already announced plans to revisit the regulations. Jacquelyn Martin, File AP Photo

Tougher payday loan rules to remain in place, for now

May 17, 2018 02:02 PM