A scene from An Unlikely Solution, an award-winning film about the online lending industry in Indian Country. Still image: An Unlikely Solution
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Key Trump advisor presses new administration on rules for online lenders





Are the rough days of the online lending industry coming to an end under the Trump administration?

Corey Lewandowski, a former campaign manager for President Donald Trump, apparently thinks so. He's working for an online lending company that wants to block new rules proposed for the industry -- including tribally-owned firms, The New York Times reports.

But don't call Lewandowski -- who remains close to the president -- a lobbyist. Even though he went on a talk show on Sunday to advocate for the interests of his client, he doesn't plan on registering as one.

“I don’t lobby and I don’t intend to lobby — ever,” Lewandowski told The Times.

An Unlikely Solution - Abridged Version (7 min)

Don't have time to watch the full An Unlikely Solution film (45 minutes)? Watch this 7-minute version.

Posted by An Unlikely Solution on Tuesday, January 12, 2016
An Unlikely Solution on Facebook: Abridged Version

During the Obama administration, lending firms in Indian Country faced intense scrutiny from federal and state regulators. That's what led the Consumer Financial Protection Bureau, an independent federal agency, to propose new standards for tribal and commercial businesses.

Tribal lenders quickly criticized the rule, which drew more than 1.3 million comments, according to regulations.gov. But it hasn't been finalized and the White House did not respond to The Times when asked about potential contacts with Lewandowski and his firm, Lewandowski Strategic Advisors.

Just last month, the agency finalized a different rule that bars the use of arbitration clauses in certain financial agreements. Tribes, though, are exempt.

Read More on the Story:
Trump Loyalist Mixes Businesses and Access at ‘Advisory’ Firm (The New York Times 8/1)

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Harold Monteau: Tribal lending industry facing major challenges (August 26, 2016)
Tribal lenders face pressure as new rule aims to end 'debt traps' (June 7, 2016)