Feb 7, 2019
CFPB seeks to rollback rule restricting payday lenders
The Trump administration is handing payday lenders a potential victory.
by Ben Bradford

A sign outside a "Speedy Cash" cash loans shop on Brixton High Street on Nov. 1, 2012 in London, England.
Dan Kitwood/Getty Images
The Trump administration is handing payday lenders a potential victory. The Consumer Financial Protection Bureau Wednesday proposed rolling back an Obama-era rule set to take effect in August. It would have curbed payday loans, which offer quick bursts of cash to consumers at high interest rates.