New York AG announces bill to protect consumers from scams after Trump hobbles CFPB

Key Points

New York Attorney General Letitia James on Thursday announced a bill to protect the state’s consumers and small businesses from scams and deceptive practices from lenders, debt collectors and health care firms.
James said in a release that the legislation would bolster the state’s existing consumer protection law — which dates from 1970 and is more limited in scope.
The Trump administration has hobbled the CFPB, the federal agency charged with that task.

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