Trump’s actions against CFPB will ‘significantly harm consumers,’ coalition of 23 AGs warn

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.

The brief was filed in support of a Feb. 12 lawsuit filed against the CFPB and Acting Director Russell Vought by the city of Baltimore in U.S. District Court for the District of Maryland.