Twenty-three attorneys general from across the country are warning that President Donald Trump’s efforts to defund and disband the Consumer Financial Protection Bureau (CFPB) would “significantly harm consumers” and “reduce oversight of big banks.”

The coalition, which also included the District of Columbia, said in an amicus brief that “there are several forms of irreparable harm that many states and state residents will suffer as a result of defendants’ actions” if a preliminary injunction is not granted.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...