Rhode Island's Peter Neronha has joined a coalition of 23 attorneys general opposing efforts by the Trump administration and Elon Musk to defund and disband the Consumer Financial Protection Bureau.
“Fraud, scams, and financial crimes are everywhere these days, and this Administration seems to want to make it easier for bad actors to swindle Americans,” said Attorney General Neronha. “Consumer protection is an issue that unites people from all over the political spectrum, as it should. We must protect American consumers from nefarious and predatory individuals and businesses; look no further than the Great Recession of 2008 to understand why. When greed is allowed to flourish without regulation, it can have devastating effects on both the individuals directly affected and the economy as a whole. Americans deserve to know why their government insists on putting their hard-earned money in jeopardy. Because at best, defunding and disbanding the CFPB is shockingly reckless, and at worst it is an enablement tactic.”
Neronha and the others are joining an existing lawsuit that aims to stop the administration from dismantling the agency was set up to protect consumers.
Neronha says consumer protection is an issue that unites people from all over the political spectrum and Americans must be protected from nefarious and predatory individuals and businesses.
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