As Mick Mulvaney finished his first week as acting director of the Consumer Financial Protection Bureau (CFPB) following his appointment by President Donald Trump, the House of Representatives began work on overturning the most recently approved CFPB rule.
A bill of disapproval under the Congressional Review Act was introduced last week which would overturn the recently finalized rule on small-dollar lending. The rule was issued in October but was not published in the Federal Register until Nov. 17.
Read on for more about the introduction of the bill.
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