"The poll makes clear that consumers want the CFPB to protect them from abusive predatory lenders, and they want the agency’s work to continue without interference,” said Mike Calhoun, president of CRL. “For too long payday lenders have drowned Americans in unaffordable, crippling debt that often leads to damaged credit, inability to pay for daily expenses, and even bankruptcy. Before Mick Mulvaney’s tenure at the agency, the CFPB was a champion for working families—giving back billions of dollars in relief to consumers who were cheated by financial companies. Now, under the CFPB’s current leadership, payday lenders have preferred access because one of their own is leading the consumer bureau. We need to build on CFPB’s previous success, not block its progress of protecting consumers from abusive financial practices."
