RALEIGH – Attorney General Jeff Jackson is suing to protect Congressionally-mandated funding for federal consumer protection efforts after the acting director of the Consumer Financial Protection Bureau (CFPB) threatened to unlawfully and unconstitutionally refuse to fund the agency’s operations. The CFPB has returned more than $21 billion to more than 205 million Americans in the 14 years it’s been in operation, but without any additional funds it will run out of money in January. North Carolina and other states work closely with the CFPB to defend consumers’ rights and win back money for people who have been unfairly treated by businesses and lenders.
