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States Launch Legal Battle, Accuse White House of ‘Financial Strangulation’ Against Consumer Watchdog

Introduction A coalition of 20 states and the District of Columbia has launched a high-stakes legal offensive against the Trump administration. They allege a deliberate campaign to financially suffocate the Consumer Financial Protection Bureau (CFPB), the watchdog born from the 2008 financial crisis. This lawsuit, filed in federal court, accuses the White House of illegally…

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