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A Fox in the Henhouse at the Consumer Financial Protection Bureau

By Liz Ryan Murray
In The Huffington Post

In nearly every way, payday loans are the perfect example of the type of predatory and destructive financial service that need to be reigned-in by the Consumer Financial Protection Bureau (CFPB), an independent federal agency formed in 2011. But even as the CFPB crafts those new rules, insiders in the payday lending industry are working to do everything in their power to strip the regulations of their power to enact real reform - and it's not yet clear the CFPB will put its foot down to stop them...