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CFPB’s Mulvaney shows lighter touch with tribal loan providers

CFPB’s Mulvaney shows lighter touch with tribal loan providers

Since the customer Financial Protection Bureau takes a visibly lenient approach toward payday loan providers, appropriate specialists additionally view a softer stance on loan providers claiming sovereign defense against affiliation with Indian tribes.

In another of their very first actions as acting CFPB manager, Mick Mulvaney voluntarily dismissed case against Golden Valley Lending and three other payday loan providers owned because of the Habematolel Pomo of Upper Lake tribe, near Sacramento, Calif. (more…)

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admin May 7, 2021 0 Comments