Let me make it clear about CFPB’s Mulvaney shows lighter touch with tribal loan providers

Let me make it clear about CFPB’s Mulvaney shows lighter touch with tribal loan providers

Because the customer Financial Protection Bureau requires a visibly lenient approach toward payday loan providers, legal professionals additionally notice a softer stance on loan providers claiming sovereign security from affiliation with Indian tribes.

In just one of their actions that are first acting CFPB manager, Mick Mulvaney voluntarily dismissed case against Golden Valley Lending and three other payday loan providers owned by the Habematolel Pomo of Upper Lake tribe, near Sacramento, Calif. Continue reading “Let me make it clear about CFPB’s Mulvaney shows lighter touch with tribal loan providers”