23 AGs Push for New Federal Consumer Protections

News release: “AG King and twenty-three other State Attorneys General sent a letter late Monday to leaders of the Senate Banking Committee and the House Financial Services Committee, voicing strong support for the Consumer Financial Protection Agency proposed by the Obama Administration.”

  • August 17, 2009 – Dear Senators Dodd and Shelby and Representatives Frank and Bachus: “As the chief law enforcement officers of our states, we strongly support legislation to create a Consumer Financial Protection Agency (“CFPA”). The current financial crisis, caused in part by irresponsible subprime lending and inadequate oversight, has demonstrated the need for comprehensive and effective consumer protection and enforcement at the federal level. We believe an independent federal agency combined with joint enforcement by state officials is the best option for meaningful consumer protection in this area.”
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    Posted in: Congress, Government Documents, Legal Research, Legislation
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