Predatory lenders disproportionately target army people. The CFPB will no longer supervise them.

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Then-presidential candidate Donald Trump waves to your market at a VFW meeting in July 2016. Sara D. Davis/Getty Pictures

The federal government’s top customer watchdog has determined it not any longer needs to proactively supervise banking institutions, credit card issuers, along with other lenders that deal with users of the army and their loved ones which will make sure they’re not committing fraudulence or punishment. [Read more…]