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.
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.
Entity
Consumer Financial Protection Bureau (CFPB)
Industry
OtherOfficial Press Release
https://portal.ct.gov/ag/press-releases/2026-press-releases/attorney-general-tong-calls-on-cfpb-to-abandon-plan-to-decimate-enforcement-and-consumer-protection
il multistate comment letter to cfpb strategic plan submissi
https://portal.ct.gov/-/media/ag/press_releases/2026/il-multistate-comment-letter-to-cfpb-strategic-plan_submission-pdf.pdf?rev=0399cc932c7246c8aea700465b8255cf&hash=25DA225862897F7FC5B1A3DACF5AA750
Connecticut Attorney General Enforcement Page
https://portal.ct.gov/AG/Privacy/Privacy-Resources
"Attorney General Tong calls on CFPB to Abandon Plan to Decimate Enforcement and Consumer Protection"
"04/17/2026"
"(Hartford, CT) - Attorney General William Tong today joined a coalition of 23 attorneys general"
"Attorney General William Tong today joined a coalition of 23 attorneys general"
"Consumer Financial Protection Bureau (CFPB)"
"coalition of 23 attorneys general"
Attorney General Tong joined a coalition of 17 attorneys general in sending letters to the Office of the Comptroller of the Currency and the Federal Reserve Board, urging them to deny Opportunity Financial's application to acquire BNC National Bank. The merger would grant OppFi a national bank charter, allowing it to circumvent state lending laws and charge triple-digit interest rates, posing risks to consumers and the banking system.
The court granted the States' motion finding that Nexstar violated the preliminary injunction by placing current or former Nexstar executives on TEGNA's Board of Directors. The court ordered regular reporting to the States and appointed a special master to oversee compliance.
Attorney General William Tong co-led a coalition of 34 attorneys general in a letter to congressional leaders urging them to preserve the federal redefinition of hemp and reject efforts to weaken reforms addressing intoxicating hemp-derived products. The coalition warns that reopening the loophole would create regulatory uncertainty, compromise public safety, and allow unregulated intoxicating hemp products to return to the marketplace.
$400.0M
Minnesota Attorney General Keith Ellison joined a coalition of 43 states and territories in announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade for numerous generic prescription drugs. Sandoz will pay approximately $469 million total including prior settlements, and has agreed to injunctive terms and internal reforms.
Attorney General William Tong joined a coalition of 23 states and the District of Columbia in suing the Trump administration over policy changes by the Administration for Children and Families (ACF) that would allow broad sharing of TANF recipients' sensitive personal data across federal agencies and potentially private organizations. The lawsuit alleges violations of the Administrative Procedure Act and the Spending Clause, seeking to block the policy.
$400.0M
Attorney General Tong led a coalition of 43 states and territories in announcing a $400 million settlement in principle with Sandoz Inc. to resolve allegations that the generic drug manufacturer engaged in conspiracies to artificially inflate and manipulate prices, reduce competition, and unreasonably restrain trade. Sandoz will pay approximately $469 million total and implement internal reforms to ensure fair competition and compliance with antitrust laws.