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.

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