Investigators found the former North Carolina congressman was not "candid" in his responses and discounted his explanation that he was attempting to mentor the woman and had done nothing wrong.
The banking industry, having spotted a potentially lucrative untapped market, has pushed lawmakers for years to tackle the issue, to no avail. They may finally be getting somewhere.
Under a rule set to go into effect in August, payday lenders would be required to verify borrowers can afford the loans they are offered. That will be delayed until 2020, and the Consumer Financial Protection Bureau is now seeking public comment on whether to rescind the rule.
The subject of the inquiry and its timing were not immediately clear, but House Democrats have sought documents from the German bank for years about whether any of the hundreds of millions of dollars in loans it made to Trump were connected to Russia.
The housing giants were put under government control during the global financial crisis in 2008. A proposal by Sen. Mike Crapo could be a turning point in a long-ranging debate about whether Fannie Mae and Freddie Mac should be abolished.
Now in its second month, the shutdown is hobbling key parts of the financial system as companies across the country ditch plans and scramble to operate without the help of regulators. One biotech company with roots in 1980s fashion is among those putting hopes on hold.
The New York Democrat has long criticized the Wall Street banks overseen by the committee, which will be led by another progressive hero, Rep. Maxine Waters.
Waters, who has served in the House since 1991, is the first African American and first women to the lead the House Financial Services Committee, giving her broad influence over the financial world — from Wall Street regulations to flood insurance.
Equifax has received the most complaints, 83,252. Its political action committee contributed $5,000 to Mulvaney, according to a new report by Public Citizen.