Exclusive: Trump official quietly falls cash advance instance, mulls others – sources

WASHINGTON (Reuters) – the very best cop for U.S. customer finance has do not sue an online payday loan collector and it is weighing whether or not to drop situations against three payday lenders, stated five people who have direct familiarity with the situation.

The move shows exactly exactly how Mick Mulvaney, known as interim mind associated with the customer Financial Protection Bureau (CFPB) by U.S. President Donald Trump, is placing his mark on a company conceived to stamp down abusive financing.

The cash advance cases are among about a dozen that Richard Cordray, the previous agency chief, authorized for litigation before he resigned in November. Continue reading