U.S. consumer watchdog dilutes penalty against payday lender: sources

October 24, 2018 by  
Filed under News

Mick Mulvaney, the head of the U.S. Consumer Financial Protection Bureau (CFPB) on Wednesday fined a payday lender $200,000 for wrongly hounding borrowers but the penalty fell short of the $3 million his predecessor was seeking, said three sources familiar with the move.

Source: Reuters Business News

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