Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > New York AG announces bill to protect consumers after Trump hobbles CFPB
Economy

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

Last updated: March 13, 2025 1:42 pm
Share
SHARE

New York Attorney General Letitia James recently introduced a bill aimed at safeguarding consumers and small businesses in the state from fraudulent practices by lenders, debt collectors, and healthcare companies. The proposed legislation, known as the Fostering Affordability and Integrity through Reasonable Business Act, seeks to enhance New York’s existing consumer protection law, which has been in place since 1970 but is limited in scope. This move comes at a crucial time when the federal agency responsible for consumer protection has been significantly weakened under the Trump administration.

The FAIR Business Practices Act, as it is called, has garnered support from state lawmakers Senator Leroy Comrie and Assemblymember Micah Lasher. Attorney General James emphasized the importance of closing loopholes that allow for scams to thrive in New York, such as making it excessively difficult to cancel subscriptions, allowing nursing homes to sue relatives of deceased residents, and enabling debt collectors to unlawfully seize social security benefits. The new bill aims to empower the Attorney General’s office to take action against entities that violate consumer protection laws.

With the Consumer Financial Protection Bureau (CFPB) facing challenges due to recent changes in leadership and direction, state officials like Letitia James are stepping up to fill the void in consumer protection. Acting Director Russell Vought’s controversial decision to halt most of the agency’s operations has left consumers reliant on state attorneys general and regulators for assistance with complaints.

The proposed legislation in New York seeks to curb predatory practices by auto lenders, mortgage servicers, student loan providers, and car dealerships. It also aims to eliminate excessive fees, protect non-English speakers from exploitation, and ensure fair treatment for all consumers. Former CFPB Director Rohit Chopra and ex-FTC Chair Lina Khan have voiced their support for the bill, emphasizing the need for stronger state laws to protect consumers and businesses alike.

See also  Donald Trump holds warm meeting with ‘tough guy’ Syrian leader

In a statement, Chopra highlighted the importance of passing robust consumer protection measures to safeguard the financial well-being and privacy of New Yorkers. Khan echoed this sentiment, emphasizing the role of state lawmakers in empowering Attorney General James to uphold the economic freedoms of the state’s residents. As the fate of the CFPB remains uncertain, the FAIR Business Practices Act represents a critical step towards ensuring consumer protection and accountability in New York.

Share This Article
Twitter Email Copy Link Print
Previous Article Supermarkets ‘must slash methane’
Next Article Magda Butrym Fall 2025 Ready-to-Wear Collection Magda Butrym Fall 2025 Ready-to-Wear Collection
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

On Education, President Trump Knows We Can Do Better – The White House

Since 1979, the U.S. Department of Education has invested over $3 trillion, yet the returns…

March 20, 2025

One Direction Members’ Biggest Scandals

Hayley Williams Accuses One Direction of Plagiarism Paramore frontwoman Hayley Williams made headlines in 2014…

September 3, 2024

Robert F. Kennedy Jr.’s Policies Could Exacerbate Health Inequities

Impact of Robert F. Kennedy Jr. on Public Health Under Trump Administration GLENDALE, ARIZONA -…

December 15, 2024

Donald Trump Dances with Village People During Victory Rally

Donald Trump stole the show at his victory rally on Sunday, showcasing his infamous "Trump…

January 19, 2025

Check Out Our Timeline Of Selena Gomez And Benny Blanco’s Romance!

Selena Gomez and Benny Blanco Unpacking the Newlyweds' Love Story! Published September 28, 2025, 6:30…

September 29, 2025

You Might Also Like

Dan Ives’ AI ETF Hits B in Assets Just Five Months After Launch
Economy

Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

October 31, 2025
Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?
Economy

Is This The Best ETF to Invest In Ahead of Potential AI Bubble Burst?

October 31, 2025
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?