Faced with the potential invalidation of CFPB’s funding structure, the top lobbyist for mortgage companies asks Congress to write the agency’s rules into law.
payday lending
Posted inLaw and Justice
Conservative Judicial Ruling Threatens Functioning of Daily Life
The attempt to make the CFPB unconstitutional has grave consequences.
Posted inTAP
Gottheimer Rakes In Cash From Rent-a-Bank Practitioners He Supports
Today on TAP: The New Jersey congressman lobbies colleagues on behalf of predatory lenders
Posted inMoney, Politics, and Power
House Democrat Leading Effort Against Key Consumer Protection
Rep. Josh Gottheimer is lobbying against a resolution that would end the practice of predatory lenders charging astronomical interest rates on consumer loans.
Posted inPolitics
House Republicans Repudiate Their Military Constituents
New caucus chair Elise Stefanik leaves her Fort Drum constituents at the mercy of debt collectors.
Posted inMoney, Politics, and Power
Will Democrats Rally to Prevent Predatory Lending?
A majority-vote resolution would overturn a Trump-era rule that facilitates the evasion of state interest-rate caps.
Posted inPolitics
Policy Matters
Divorced from candidates and to a degree from partisanship, policies that make a tangible difference in people’s lives once again performed well at the ballot.
Posted inMoney, Politics, and Power
CFPB Attorney Who Helped Water Down Payday Lending Rule Operated a High-Cost Auto Lender
Christopher G. Mufarrige ran a Buy Here Pay Here used car lot in Texas before joining CFPB and working on payday lending regulations.
Posted inMoney, Politics, and Power
How to Buy a Regulation in Six Short Months
A payday lending CEO appears to have reversed the Consumer Financial Protection Bureau on a critical rule.
Posted inMoney, Politics, and Power
Trump’s Bank Regulators Open the Door to More Predatory Lending
A new proposed rule would allow ‘rent-a-bank’ schemes that could permit unlimited interest rates on loans as long as they come via a chartered bank.
