Under Mick Mulvaney, the CFPB, which once was the agency dedicated to preventing banks and credit-card companies from scamming ordinary Americans, now becomes an agency dedicated to protecting potential financial scammers from legal penalties.
1. Since Mulvaney took over, what has the Bureau done for payday lenders?
2. Since Mulvaney took over, what has the Bureau done for installment lenders?
3. What is the World Acceptance Corp.?
4. What has happened to the World Acceptance Corp.’s stock since Mulvaney took over at the CFPB? Do you think this is linked to his appointment?
Levitz, E. (2018) The CFPB Is Now the Predatory Lender Protection Bureau. New York Magazine,Jan. 24 (Retrievable online at http://nymag.com/daily/intelligencer/2018/01/the-cfpb-is-now-the-predatory-lender-protection-bureau.html)