Payday Lenders at Doral and the CFPB Rule Reversal
- Promised
- Trump campaigned on reducing special-interest influence in Washington.Open cited record · 1 source
- The record
- The payday-lending industry held a conference at Trump National Doral while the CFPB was reconsidering its underwriting rule.Open cited record · 1 sourceThe CFPB finalized a rule revoking the mandatory underwriting provisions of the 2017 payday rule.Open cited record · 1 source
- Audit finding
- unresolved
The industry's patronage of a Trump property and the CFPB reversal are documented, but the causal link is not established and the rule had an administrative record independent of the conference venue.
How the action connects to the outcome
The events occurred in sequence, but timing alone does not establish that one caused the other.
People and impacts
- Who gained
- Payday-lending trade association and attendees
- Trump National Doral
- Trump National Doral
- Who paid
- Payday-loan borrowers
- Payday-lending trade association and attendees