After Killing Lawsuits, Industry Pal Running CFPB Claims Payday Investigation Still Open
A Trump administration official currently playing multiple lead roles in the executive branch denied that he stopped the probe of a payday lender, despite dropping litigation against the company. Mick Mulvaney told Sen. Chris Van Hollen (D-Md.) on Tuesday that “there is an ongoing investigation” into the firm, Golden Valley Lending. Van Hollen had told Mulvaney he wanted to “follow up” with him on the decision to stop the Consumer Financial Protection Bureau lawsuit. The interim agency director replied, claiming that there was still an…