Democrats Seek Investigation Into Claims of Meddling at Consumer Bureau [The New York Times]
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Source: The New York Times
Business|Democrats Seek Investigation Into Claims of Meddling at Consumer Bureauhttps://nyti.ms/2SsWu3fmentContinue reading the main storyA memo from a Consumer Financial Protection Bureau employee who described pressure by political appointees over a payday lending rule prompted lawmakers’ request.More than a dozen lawmakers are asking for an examination of political pressure at the Consumer Financial Protection Bureau.Credit...Andrew Harrer/BloombergByNicholas ConfessoreDemocratic lawmakers called on Friday for a formal investigation into allegations that President Trump’s political appointees at the Consumer Financial Protection Bureau improperly interfered in the drafting of a planned regulation on payday lending.In a letter to the Government Accountability Office and the Federal Reserve’s inspector general, more than a dozen lawmakers asked for an examination of political pressure at the consumer bureau.The pressure was described in a 14-page memo written by a bureau employee on
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