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States call on US CFPB to abandon staffing cuts

( April 17, 2026, 21:17 GMT | Official Statement) -- MLex Summary: Connecticut Attorney General William Tong announced that he's joined a coalition of 23 attorneys general urging the Consumer Financial Protection Bureau to scale back its plans to severely reduce staffing. The AGs said the cuts would undermine the agency’s statutory obligation to supervise financial institutions, weaken enforcement, and result in less relief and protection for consumers.  “The CFPB exists to be an independent watchdog for consumers, and its mission is more critical now than ever. Gutting staff and enforcement capacity will leave families more vulnerable to fraud, scams, and abuse. We urge CFBP to reverse course and uphold its responsibility to protect Americans,” Tong said.Statement follows in full....

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