Mulvaney-led U.S. CFPB slashes payday lender penalty -sources
June 28, 2018 at 06:00 AM EDT
By Patrick Rucker WASHINGTON, June 28 (Reuters) - Mick Mulvaney, head of the U.S. Consumer Financial Protection Bureau, cut in half a fine that his Obama-era predecessor sought against a payday lender and dropped some of the agency's earlier claims in the case, three people familiar the matter told Reuters. Mulvaney, appointed by President Donald Trump, has vowed to dial back what he says is overreach by the independent agency, which was created following the 2007-2009 financial cris
