The following article by Alan Rappeport was posted on the New York Times website February 2, 2018:
WASHINGTON — In mid-April, hundreds of members of the payday lending industry will head to Florida for their annual retreat featuring golf and networking at a plush resort just outside Miami. The resort just happens to be the Trump National Doral Golf Club.
It will cap a year in which the industry has gone from villain to victor, the result of a concentrated lobbying campaign that has culminated in the Trump administration’s loosening regulatory grip on payday lenders and a far friendlier approach by the industry’s nemesis, the Consumer Financial Protection Bureau. Continue reading “Payday Rules Relax on Trump’s Watch After Lobbying by Lenders”