Attorneys general sue to keep consumer bureau funded

(The Center Square) – Democratic attorneys general from 22 jurisdictions sued the Trump administration Monday over its plans to defund the Consumer Financial Protection Bureau.

“We won’t stand by as consumer protections are dismantled,” California Attorney General Rob Bonta said during a virtual news conference Monday with the attorneys general from Oregon, Colorado and New Jersey.

“The Trump administration’s latest effort to destroy the CFPB means that hundreds of thousands of consumer complaints will fall on deaf ears,” Bonta said. “If you have ever had issues with your car loan, mortgage loans or bank fees, if you have ever disputed a credit score error and expected to have the federal government on your side, this impacts you.”

The attorneys general emphasized the CFPB’s success in getting back $20 billion across the nation into the pockets of consumers who were treated unfairly by businesses.

“The CFPB is the only federal agency authorized to supervise the nation’s largest banks for their complia...