The Consumer Financial Protection Bureau asked state attorneys general to sign a cooperation agreement to protect shared confidential information, but most Republican AGs are declining to sign. "To date, only 12 states – all but one with Democratic attorneys general &ndash: have signed, according to the bureau and documents obtained in a public records request," reports Bloomberg.
"There are misgivings I have about the authority and scope and power of the CFPB and the power granted to the director," says Oklahoma Attorney General Scott Pruitt.
South Carolina Attorney General Alan Wilson says that he and Pruitt will soon be filing a suit "challenging the constitutionality of Dodd-Frank and the powers it granted to the bureau and its director," reports Bloomberg.
For the full piece see "Republican State AGs Resisting CFPB Cooperation" (may require subscription).