Tish James is trying to stop the Supreme Court from gutting consumer protections
Safeguards put in place following 2008 at risk after Fifth Circuit ruling
In a bid to secure the future of the Consumer Financial Protection Bureau (CFPB), Attorney General Letitia James is leading a coalition of 24 attorneys general in filing an amicus brief with the Supreme Court.
This effort comes in response to a decision by the U.S. Court of Appeals for the Fifth Circuit, which threatens the existence of the CFPB and the validity of over a decade of the bureau’s regulatory and enforcement actions.
The CFPB, established following the 2008 financial crisis, plays a crucial role in maintaining the stability of key financial sectors and safeguarding consumers against unfair and abusive business practices. It created and enforces nationwide consumer financial standards across a range of areas, including mortgage lending and debt-collection practices.