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Under Trump Appointee Mulvaney, CFPB Seen Helping Payday ...

To get the loan, he left a check for the lender to cash the day he got paid by his employer — hence the term payday loans. Borrowing the same amount of money on a credit card for two weeks ...

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They refer to payday loans, cash advance loans, check advance loans, post-dated check loans, or deferred deposit loans. The Federal Trade Commission, the nation’s consumer protection agency, says that regardless of their name, these small, short-term, high-rate loans by check cashers, finance companies and others all come at a very high price.

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