In an effort to protect former President Obama’s legacy, attorney generals from 16 states have joined together in a federal appeals court battle in defense of the Consumer Financial Protection Bureau.
Leading the charge is Connecticut Attorney General, George Jepsen, who expressed concern that President Trump will fire the director of the bureau and cancel the regulation program.
Bloomberg reported that the group, led by Jepsen, “asked a judge for permission to intervene in an appeal after a divided court ruled in October that the structure of the Consumer Financial Protection Bureau is unconstitutional.” The request is currently being considered by the court.
Trump announced on Monday that he would cut regulations by 75 percent, citing that he believes reducing regulations has a greater impact on economic growth than cutting taxes.
Jepsen said, “If President Trump implements his announced agenda, it’s hard to see it not ending up in court, whether it’s health care, immigration, consumer protection or gun safety. We will continue to work together over the next four years if we see President Trump do things that are unconstitutional or contrary to law.”
He claimed that efforts to keep the 5 1/2-year-old financial protection agency would have bipartisan support at the state level.
“On something like this, everyone is respectful,” he said. “It’s not the nastiness you see in Congress.”
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