WASHINGTON — In mid-April, hundreds of members of the payday lending industry will head to Florida for their annual retreat featuring golf and networking at a plush resort just outside Miami. The resort just happens to be the Trump National Doral Golf Club.
It will cap a year in which the industry has gone from villain to victor, the result of a concentrated lobbying campaign that has culminated in the Trump administration’s loosening regulatory grip on payday lenders and a far friendlier approach by the industry’s nemesis, the Consumer Financial Protection Bureau.
Gone is Richard Cordray, the consumer bureau’s director and so-called bad cop, who levied fines and brought lawsuits to crack down on usurious business practices by an industry that offers short-term, high-interest loans that critics say trap vulnerable consumers in a feedback loop of debt. In his place is Mick Mulvaney, the White House budget director and a former South Carolina congressman, who was chosen by President Trump to assume temporary control of the bureau and has emerged as something of a white knight for the payday lending industry.
Continue reading: Payday Rules Relax on Trump’s Watch After Lobbying by Lenders
The Secular Jurist 
Once again an example of how working class people who vote Republican are voting against their own interests. Dems simply MUST start talking the right lingo and growing balls!
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They used to have balls and the right lingo (FDR, Truman, Kennedy, Johnson).
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They sure did. FDR is my favorite Prez. It shows you one can have money, A LOT of money, and not be a complete, self-serving dick.
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True – lol!
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Shit.
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