Attorney General James Helps Win Supreme Court Decision Ensuring Federal Consumer Protections Remain in Place

Posted to Applied Web NY on Mon, 06/29/2020 - 17:50

NEW YORK – New York Attorney General Letitia James today helped win a major victory in the U.S. Supreme Court that preserves the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act’s important federal consumer protections in the case Seila Law, LLC v. Consumer Financial Protection Bureau. Although the court held that the CFPB director can now be removed at will by the president of the United States, it agreed with the argument made in a multistate amicus brief, led by Attorney General James and joined by a coalition of 23 other attorneys general, fighting to ensure that the states can continue to benefit from powerful tools granted to both the CFPB and the states under Title X of the Dodd-Frank Act to safeguard against fraud and abusive consumer practices.

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