While the Trump administration works towards exposing veterans and families to predatory lenders, the silence from Paulsen is deafening
Mick Mulvaney, director of the Consumer Financial Protection Bureau (CFPB), has made a series of troubling moves that will ultimately lead to countless military veterans and their families being taken advantage of by predatory lenders. Erik Paulsen, a prodigious fundraiser of campaign cash from these types of financial institutions,, has remained silent on this issue.
“It should come as no surprise that Donald Trump and his congressional cronies, like Erik Paulsen, are allowing predatory financial institutions to take advantage of America’s veterans, these companies pay good campaign money for that opportunity,” said DFL Chairman Ken Martin. “We know America’s veterans are among the most vulnerable groups to exploitation today, and the lack of leadership from a congressman who claims he’ll ‘stand up to his party or Trump’ is startling. It looks to me like Paulsen is only standing up for the unregulated financial sector who is bankrolling his campaign.”