Democratic Sens. Elizabeth Warren (MA) and Sherrod Brown (OH) on Friday slammed President Donald Trump’s top financial regulator Mick Mulvaney after evidence surfaced that as a Congressman he raked in campaign contributions from payday lenders just days before he pressured government officials to back off predatory lending regulations.
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“Mr. Mulvaney spent his years in Congress trying to gut consumer protections and undermine the CFPB – and he racked up big donations from payday lenders and banks for his efforts,” Warren told IBT in an emailed statement. “His illegal appointment to lead the consumer agency is a slap in the face for working families who’ve been cheated.”
Read more on the International Business Times website here.