Mulvaney Takes Heat for Handling of Equifax Probe

Mick Mulvaney, director of the Office of Management and Budget, continued to scale back regulatory efforts in the finance industry, so the Center for Responsible Lending held a media call Wednesday to address how Mulvaney’s actions within the Trump administration could affect regulation of the payday lending industry.

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CashCall Blames Law Firm For Staggering Loss

Asserting damages of more than half a billion dollars, consumer lender CashCall has sued Katten Muchin Rosenman and a top partner for malpractice, claiming the law firm steered the company to partner with a Cheyenne tribal businessman in a scheme to avoid state lending laws – a scheme courts and regulators later struck down.

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