Some 43 Democratic senators are blasting Acting CFPB Director Mick Mulvaney's backtracking on the agency's payday lending rule and enforcement.
In a letter, the Democrats, led by Sen. Richard Durbin (D-Ill.), said reconsideration of the payday lending rule and Mulvaney's loosening of its enforcement are “antithetical to the CFPB's mission.”
At the same time, Sen. Lindsey Graham (R-S.C.) has introduced a resolution in the Senate to nullify the payday lending rule.
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