Arizona Attorney General Kris Mayes Joins Multi State Lawsuit to Protect American Consumers

The Consumer Financial Protection Bureau has been on the Republican hit list since it was formed in 2011.

The reason.

It regulates banks, lenders, and credit card companies.

It saves people money.

Thanks to its investigatorial oversight of financial institutions and uncovering of improprieties, $20 billion has been returned to the American Consumer.

Of course, in Musk/Trump/Vance Plutocratic World, such an organization is a threat to their donors who yearn for the good old days when they could charge the 98 percent exorbitant overdraft fees on their bank accounts and late fees on their credit cards.

When faced with the choice between the billionaire donors who they feel are kindred and the swing voters who they promised to reduce costs for, Musk/Trump/Vance will choose the one percent plutocratic class anytime.

With Musk/Trump/Vance moving to dismantle the Consumer Financial Protection Bureau and neuter the leftover scraps, Arizona Attorney General Kris Mayes has joined Attorney Generals from 21 States and The District of Columbia in a lawsuit to block the Administration from defunding and breaking up the Bureau.

In a press release announcing the suit, Mayes, who earlier in the day took part in a drug law enforcement event, stated:

“The Consumer Financial Protection Bureau has been a crucial safeguard for Arizonans and all Americans, holding big banks and lenders accountable while putting billions of dollars back in consumers’ pockets. Dismantling the CFPB would be a gift to financial institutions that prey on working families, making it easier for them to hike fees, deceive borrowers, and evade oversight. The actions of the Trump-Musk administration put Arizonans at greater risk of fraud, abuse, and financial exploitation.”