Payday Rules Relax on Trump’s Watch After Lobbying by Loan Providers

Payday Rules Relax on Trump’s Watch After Lobbying by Loan Providers WASHINGTON — In mid-April, hundreds of people in the payday financing industry will check out Florida for his or her yearly retreat featuring golf and networking at a plush resort just outside Miami. The resort simply is actually the Trump nationwide Doral club. It’s going to cap per year where the industry moved from villain to victor, caused by a concentrated lobbying campaign which includes culminated when you look at the Trump administration’s loosening regulatory hold on payday lenders and a far friendlier approach because of the industry’s nemesis, the customer Financial Protection Bureau. …

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