Archive | July 12, 2021

CFPB Attorney Who Assisted Water Down Payday Lending Rule Operated an auto that is high-cost

CFPB Attorney Who Assisted Water Down Payday Lending Rule Operated an auto that is high-cost

Christopher G. Mufarrige went a purchase right right Here spend Here car or truck great deal in Texas before joining CFPB and working on payday financing laws.

Graeme Sloan/Sipa United States Of America via AP Images

Within times, the CFPB is anticipated to issue a revised version of the rule that is payday.

An employee attorney, purported to have manipulated proof that resulted in the gutting regarding the customer Financial Protection Bureau’s lending that is payday, operated a small business in Texas for 3 years whoever model happens to be criticized as predatory, based on documents acquired by way of a watchdog team.

Christopher G. Mufarrige procured a certification of ownership for a continuing company called CNJ car Finance in Houston, Texas, in 2008, and went business until 2011. Photos regarding the location taken at that time suggest that CNJ Auto Finance had been a “Buy Here spend Here” car dealer. Continue reading

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