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Multistate Coalition of 23 Attorneys General Urge CFPB to Abandon Plan to Cut Enforcement and Consumer Protection

Consumer Financial Protection Bureau (CFPB)April 17, 2026Connecticut Attorney General

Summary

On April 17, 2026, Connecticut Attorney General William Tong joined a coalition of 23 state attorneys general in sending a comment letter to CFPB Acting Director Russell Vought opposing the CFPB’s proposed strategic plan, which would drastically reduce agency staffing, weaken supervision of financial institutions, and curtail enforcement capacity. The coalition argues the plan would abdicate the CFPB’s statutory obligations, leave consumers vulnerable to fraud and scams, and shift enforcement burden to state agencies. The letter urges the CFPB to reverse course and maintain robust consumer protection efforts.

Contract Impact

As this press release announces a multistate coalition of attorneys general opposing the CFPB’s proposed reduction in enforcement capacity, in-house legal teams at financial institutions should review customer agreements, vendor contracts, and internal compliance program clauses related to CFPB supervision, consumer protection obligations, and state-federal enforcement partnerships. Specific clauses to review include those governing cooperation with regulatory supervision, consumer complaint resolution, compliance with CFPB and state consumer protection laws, and allocation of enforcement responsibility, as the CFPB’s plan may shift significantly more enforcement burden to state attorneys general.

Contract Search Terms

CFPB supervisionconsumer financial protectionregulatory enforcement cooperationstate consumer protection lawsconsumer relief obligationssupervision program complianceduplicative enforcementenforcement burden shifting

Violation Types

Entity Details

Entity

Consumer Financial Protection Bureau (CFPB)

Industry

Other

Multistate Coalition

Official Sources

Source Evidence

Title
"Attorney General Tong calls on CFPB to Abandon Plan to Decimate Enforcement and Consumer Protection"
Event Date
"04/17/2026"
Jurisdiction
"(Hartford, CT) - Attorney General William Tong today joined a coalition of 23 attorneys general"
Event Type
"Attorney General William Tong today joined a coalition of 23 attorneys general"
Entity Name
"Consumer Financial Protection Bureau (CFPB)"
Is Multistate
"coalition of 23 attorneys general"

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