Feb 22, 02:00 PM

New York and 23 States, Including Washington D.C., Sue Trump Administration to Block CFPB Shutdown Amid Consumer Protection Concerns

New York State has joined a coalition of 23 other states and Washington D.C. in a lawsuit aimed at preventing the shutdown of the Consumer Financial Protection Bureau (CFPB). The lawsuit warns that shutting down the CFPB could expose consumers to predatory loans, discriminatory fees, and unfair foreclosures. Democratic lawmakers have expressed concerns that the Trump administration's efforts to close the CFPB will leave service members vulnerable to financial scams and crimes. The CFPB has been credited with holding financial institutions accountable for wrongful practices, including fraudulent foreclosures and excessive fees, and returning funds to affected consumers, particularly servicemembers.

#New York State #Consumer Financial Protection Bureau #CFPB #Democratic #Trump

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New York and 23 States, Including Washington D.C., Sue Trump Administration to Block CFPB Shutdown Amid Consumer Protection Concerns

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