Democrats demand answers on payday rule

 

Source: Abigail Abrams, TIME ( Paid Registration )

The Consumer Financial Protection Bureau was created in 2010 to help protect American consumers against bad corporate practices. But Democratic lawmakers believe the agency has taken a turn under President Donald Trump.

Last week, House Democrats began looking into a recent decision by the agency to delay a rule on payday lending.

“This committee will not tolerate the Trump Administration’s anti-consumer actions,” Rep. Maxine Waters said at a hearing that looked into the issue, among others, on Thursday.

Read Full Article: Democrats demand answers on payday rule

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