Press Releases
- Environmental Contractor and Principals Indicted for Larceny and False and Misleading Advertisements
- AGO Announces Indictment of Roxbury Man and His Girlfriend in Connection with Allegedly Trafficking Cocaine
- AGO Reaches Agreement with Fall River Store to Remove Unregistered Pesticide From Shelves
- AGO Hosts Fourth 2009 Quarterly Cyber Crime Initiative Training for Law Enforcement From Around the State
- AGO Offers Consumers Advice for Holiday Shopping Season
AG Coakley Advocates for Consumer Financial Protection Agency
In the coming weeks, Congress will vote on the Consumer Financial Protection Agency (CFPA) Act of 2009, which if passed will provide the federal government with the necessary tools to avert future federal financial crisis. The CFPA would establish a federal agency whose sole responsibility is to evaluate financial products in terms of consumer fairness and to create concise rules to empower consumer choice and increase competition. In October, Attorney General Martha Coakley travelled to Washington, DC to meet with President Barack Obama to discuss financial regulatory reform legislation and to express her support for the CFPA. Attorney General Coakley believes that this agency, along with joint enforcement by state officials, will protect consumers, promote sound credit practices, and restore confidence in financial markets. An op-ed recently published in The New Republic and co-authored by Attorney General Coakley and Professor Elizabeth Warren outlines the basis for their support for this legislation.
For more information regarding Attorney General Coakley’s advocacy for the CFPA, see the press release. Visit the AGO’s Consumer Protection site for helpful information and resources on consumer protection.
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