Payday loan rules undergo review by agency head supported by lenders

Mick Mulvaney received $31,700 in contributions from the payday loan industry in 2016 and now plans to revisit lending rulesMick Mulvaney, the head of the Consumer Financial Protection Bureau, took $31,700 in contributions from payday loan companies in 2016 and is now reviewing rules aimed at protecting consumers from harmful lenders. Under Mulvaney the bureau will review payday lending rules introduced at the end of the Obama administration that could have significantly curtailed the size of th