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Instead of rooting out bad actors on Wall Street, Director Richard Cordray and the Consumer Financial Protection Bureau have harassed Main Street businesses that had nothing to do with the economic collapse. (AP Photo/Brennan Linsley)
Finance and Economy

Rein in the CFPB, because ‘independent’ shouldn’t mean ‘unaccountable’

Ed D'alessio -
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The U.S. Department of Justice is officially putting an end to Operation Choke Point, the Obama-era effort to cut off from access to banking services a long list of lawful-but-disfavored businesses including gun dealers and makers of small loans. (AP Photo/Rogelio V. Solis)
Beltway Confidential

Republicans kill Obama’s awful ‘Operation Choke Point’

Walter Olson -
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Payday industry officials and consumer advocates expect the Consumer Financial Protection Bureau, headed by Director Richard Cordray, to finalize sweeping new regulations on payday loans in the next few weeks. (AP Photo/Brennan Linsley, File)
Economy

CFPB’s new federal rule on payday lending expected soon

Joseph Lawler -
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Republican Reps. Bob Goodlatte and Jeb Hensarling are seeking a formal reversal to ensure that agencies don't prevent banks from serving certain customers. (AP Photo/Alex Brandon)
Economy

Republicans ask Trump to end Operation Choke Point fraud initiative

Joseph Lawler -
0
Corey Lewandowski, President Trump's first campaign manager, denied Thursday that he is currently working for a payday lending company that has prompted conflict-of-interest questions tied to his relationship to the White House. (AP Photo/Evan Vucci)
Business

Corey Lewandowski denies relationship with payday lender that has sparked conflict-of-interest questions

Josh Siegel -
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Lawmakers voted to undo the agency's rule that restricts banks and other financial firms from preventing customers from joining in class-action lawsuits. (AP Photo/Steve Helber, File)
Economy

House votes to cancel CFPB rule favoring class-action suits in finance

Joseph Lawler -
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In releasing the bill, Rep. Tom Graves, R-Ga., said he was
Economy

House GOP spending bill would rein in the CFPB

Joseph Lawler -
0
The Consumer Financial Protection Bureau has proposed sweeping regulations for the $3.6 billion payday lending industry. (AP Photo/Vik Jolly, File)
Economy

Professor brings another take on payday lending

Joseph Lawler -
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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
Economy

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

Joseph Lawler -
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Payday lenders may benefit from President-elect Trump's victory. (AP Photo/Gerald Herbert)
Economy

Trump may be a boon for payday lenders

Joseph Lawler -
0
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