A coalition of 24 state attorneys general sent a letter to key financial services lawmakers endorsing the Obama administration's proposed Consumer Financial Protection Agency.

In the letter sent Monday to leaders of the House Financial Services Committee and the Senate Banking Committee, the attorneys general specifically endorsed the expanded role that the proposal would grant states. Under the plan, states would be allowed to write rules tougher than the consumer protection agency's and to enforce both state and federal consumer protection laws against national banks.

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