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Tag Archives: auto lending discrimination
As a congressman, Mick Mulvaney sponsored legislation to abolish the CFPB. A White House budget proposal cuts funding for the CFPB by ~$150 million – 25% of its total budget. Mulvaney has already frozen hiring and put a temporary hold on payments to victims of illegal banking practices. Three to 5 million American households turn to payday loan companies whose storefronts in working class neighborhoods outnumber McDonalds and Starbucks. Continue reading
The consent decree is a substantial, perhaps fatal, setback for dealer lobbying groups such as NADA and AIADA who have been fighting CFPB on non-discriminatory pricing. Continue reading