Koch-backed group aims for quick repeal of Obama payday, arbitration rules

By Joseph Lawler

Published January 6, 2017 8:13pm ET

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Koch-backed group aims for quick repeal of Obama payday, arbitration rules — Only executive actions and rules that are still in the proposal stage can be immediately canceled, the group warned. Those include the payday lending rules proposed by the Consumer Financial Protection Bureau in June, meant to prevent borrowers from falling into debt "traps" of successive high-cost loans. (AP Photo/Vik Jolly) | Vik Jolly

Freedom Partners, the free-market political nonprofit group associated with the Koch Brothers, will push Congress to undo as many of President Obama’s regulations as possible, aiming to kill the Consumer Financial Protection Bureau’s payday lending and arbitration rules in the first 100 days of President-elect Trump’s administration.

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CFPB Congress Finance Joseph Lawler Koch brothers Minusextra Payday Loans Regulations