The Trump administration's aim to destroy the Consumer Financial Protection Bureau is seen here as good news for the bloodsuckers of the payday lending industry, which plans a big April gathering at, where else, Donald Trump's Florida golfing resort.
Attorney General Leslie Rutledge's support for Mick Mulvaney to head the Consumer Financial Protection Bureau was rewarded today with CFPB action bad for consumers, but good for payday lenders.
Attorney General Leslie Rutledge continues her push with other Republican state legal officers to reduce the powers of the Consumer Financial Protection Bureau.
Hank Klein, the retired credit union president who's devoted considerable zeal to stamping out payday lenders and their exorbitant interest rates in Arkansas, reports that a payday lending operation in North Little Rock has closed its doors.
Pending legislation would make it much harder to make civil claims over deceptive trade practices. This is great news for payday lenders, not so good for consumers.
Attorney General Dustin McDaniel keeps after the payday lenders. He announced today he had sued three online lenders for illegally making loans with interest rates as high as 782 percent in Arkansas. Defendants are two individuals and three companies, all from Kansas.
Leslie Rutledge, in the runoff for the Republican nomination for attorney general, is calling down her opponent David Sterling for taking a campaign contribution from a payday lender.
Attorney General Dustin McDaniel has sued several defendants for doing payday lending over the Internet, at annual interest rates as high as 782 percent.