LIVE @WhiteHouse: Federal Affairs @DanielSavickas Assesses President @realDonaldTrump's Successful Deregulatory Agenda Before the Election! #ampFW https://t.co/1wJIGkdO4z https://t.co/QwzOQufZt9 pic.twitter.com/oGY617rzXE

The FreedomWorks Foundation's Regulatory Action Center (RAC) just submitted formal comments in support of the Consumer Financial Protection Bureau's (CFPB) proposed reforms to restrictions on payday loans.

The Consumer Financial Protection Bureau (CFPB) is finally set to start rolling back its payday lending rule. This is just another step by the Trump administration in its effort to repeal some of the most harmful regulations of the Obama era. CFPB announced just recently that it plans to rescind key provisions of that rule in the near future.

Welcome to FreedomWorks Foundation’s third regulatory review of 2019! Our Regulatory Action Center proudly updates you with our favorite tidbits from the swamp. We want to smash barriers between bureaucracy and the American people by delivering regulatory news straight to FreedomWorks activists. Check back in two weeks for the next edition.

The House and Senate are in session this week.

FreedomWorks has signed onto the following coalition letter, led by the Competitive Enterprise Institute. This letter supports House Joint Resolution 122, which provides for congressional disapproval under the Congressional Review Act (CRA) of the Consumer Financial Protection Bureau's (CFPB) small-dollar loan rule.