New York Attorney General Letitia James and 20 other attorneys general sued to block a Treasury Department rule that exempts domestic companies and U.S. owners of foreign companies from Corporate Transparency Act ownership disclosures. The coalition alleges the rule is unlawful and unconstitutional, including because Treasury plans to delete information collected from companies now exempted, and seeks a court order blocking its implementation.
The coalition seeks a court order declaring the Treasury rule unlawful and preventing it from being implemented; the release does not report that a court has granted relief.
Review vendor and customer agreements that involve entity ownership data or assistance with regulatory reporting for clear responsibilities to collect, verify, and provide beneficial ownership information when legally required. Check data-processing and records clauses for retention, deletion, and legal-hold obligations, including safeguards against deleting records subject to a legal challenge or government request. Consider updating compliance representations, audit and information-access rights, and regulatory-cooperation provisions; employee agreements are less directly implicated unless personnel handle ownership-reporting data.
Entity
U.S. Department of the Treasury
Industry
OtherOfficial Press Release
https://ag.ny.gov/press-release/2026/attorney-general-james-sues-stop-federal-policy-shielding-criminals-finances
oregon et al v scott bessent et al complaint 2026
https://ag.ny.gov/sites/default/files/court-filings/oregon-et-al-v-scott-bessent-et-al-complaint-2026.pdf
New York Attorney General Enforcement Page
https://ag.ny.gov/press-releases
"October 27, 2026"
"the Treasury Department"
"Corporate Transparency Act (CTA)"
"Administrative Procedure Act"
"the Constitution"
"The Treasury Department also announced in its new rule that it will delete the information it has collected on companies that are now exempted, despite lacking legal authority to do so."
New York Attorney General Letitia James led a coalition of 19 state attorneys general in filing a lawsuit against the Trump administration and U.S. Department of the Treasury over unauthorized access to Americans’ sensitive personal data. The lawsuit alleges the Treasury Department illegally granted Elon Musk and the Department of Government Efficiency (DOGE) access to its central payment system containing bank account details, Social Security numbers, and other private information, violating federal law and the U.S. Constitution. The coalition seeks an injunction to halt the policy and a declaration that the access expansion is unlawful and unconstitutional.
Connecticut Attorney General William Tong filed a lawsuit against President Trump and the U.S. Treasury Department to stop DOGE's unauthorized access to the Treasury's central payment system, which contains sensitive personal information like bank details and Social Security numbers. The lawsuit seeks an injunction and a declaration that the new policy granting access to Elon Musk and DOGE members is unlawful and jeopardizes data security.
Connecticut Attorney General William Tong joined a coalition of 12 attorneys general to announce they will file a lawsuit against the U.S. Department of the Treasury and DOGE for unlawfully granting Elon Musk and DOGE staff access to sensitive personal information and payment systems. The AGs argue this unauthorized access threatens privacy rights and essential payments for millions of Americans. The lawsuit seeks to revoke access and prevent further interference.
$240K
The New York Attorney General investigated a group of debt buyers for filing foreclosure actions seeking payment of long-expired mortgage debts. The companies agreed to pay $240,000 in penalties and more than $242,000 in consumer restitution, stop seeking payment of time-barred debts, and amend claims in pending foreclosure cases.
$240K
New York Attorney General Letitia James reached an agreement with debt buyers that allegedly filed foreclosure lawsuits seeking payment on expired mortgage debt. The companies must pay $240,000 in penalties and more than $242,000 in restitution, and stop seeking expired payments in ongoing and future cases.
$6.0M
The New York Attorney General secured disgorgement settlements totaling $5,975,861 from four promoters of NovaTech and AWS Mining over fraudulent investment claims and an illegal pyramid scheme. The promoters were permanently banned from the securities, commodities, and cryptocurrency industries; the Attorney General separately asked the court to order NovaTech’s founders to pay $1.3 billion, which was not yet an order.