Editorial Board

Don't Let Payday Lenders Off the Hook

The Consumer Financial Protection Bureau should be allowed to curb their abuses.

January 23, 2018 at 12:30 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

Just say no.
Photographer: Gary Tramontina/Bloomberg

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The acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, appears to have identified one of the first services he will free from what he has called “a bureaucracy that has gone wrong” -- payday lenders.

That’s too bad, because the CFPB was making progress in curbing the industry's excesses.