Russell Waters
The Public Record
American consumers used to be able to look to their regulators to protect them from these kinds of predatory schemes. Not so under the Trump Administration, where consumer protection takes a back seat to consumer predation.
When Trump's acting Chief of Staff, Mick Mulvaney, was running the Consumer Financial Protection Bureau (CFPB), he did everything he could for predatory payday lenders.
Even if a State, like my home State of California, has passed a law setting a usury rate cap, this rule would allow lenders to ignore the law and to import high-rate, high-risk, and otherwise illegal loans back into the State.
This anti-consumer rule is just the latest to benefit predatory payday lenders.
I oppose these efforts and will continue to fight to preserve the homes of public housing residents.
I am very concerned about what is happening with public housing in this country.
You have decided you will work with no one, that this is your proposal, this is what you want.





