Trump Appointees Are Pushing a Deregulation Plan That Could Dramatically Erode Consumer Protections
A year ago, high-cost payday loans that preyed upon at-risk borrowers looked to be under assault. In October 2017, the Consumer Financial Protection Bureau finalized federal regulations to force payday lenders to consider whether borrowers could actually pay back their loans. Those rules, combined with a smattering of state laws that capped interest rates, were …
