Empty courtroom, case dropped A payday loan case has been dropped by the Consumer Financial Protection Bureau. (Photo: Shutterstock)

Now that he’s in charge of the Consumer Financial Protection Bureau, Trump appointee Mick Mulvaney has decided not to sue one payday loan collector and is considering dropping cases against three others.

Reuters reports that Mulvaney, named by Trump as interim head of the CFPB to replace Richard Cordray, who resigned in November, has abandoned that case, one of four approved for litigation by Cordray before he left the agency.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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