The Consumer Financial Protection Bureau’s (CFPB) controversial payday lending rule is the subject of a bipartisan push for the rule’s repeal.
House Republicans and, surprisingly, three Democrats co-sponsored legislation introduced Friday to employ the Congressional Review Act (CRA) to nullify the rule restricting access to short-term, small-dollar loans, and prevent the bureau from issuing a similar rule in the future.
Find out details about which legislators support the repeal effort and what reasons they cite.