Tools

Iowa's Top Lawyer: States Must Help Protect Consumers

By Daren Sukhram

DES MOINES (AP) - Iowa Attorney General Tom Miller says the states should continue to have a role in protecting consumers from fraudulent practices.

Miller is leading a group of 40 state attorneys general in urging Congress to uphold the role of the states in enforcing consumer protection laws.

In the letter released Wednesday, the attorneys general noted weakened consumer protections and limited enforcement authority already have damaged many consumers and the economy. The letter was sent to key congressional leaders as Congress considers legislation to create a Consumer Financial Protection Agency.

The letter asks Congress that the states be given authority to enforce federal law and be allowed enforce state consumer protection laws for state- and federally chartered financial institutions.

The attorneys generals claim allowing the states to enforce federal standards will maximize government resources.

More Good Stuff

Email KCRG-TV9 Commenting on KCRG.com RSS Feeds Local Events KCRG.com MobilePersonal Pinpoint Futurecast KCRG.com Blog Network TV9 on Twitter TV9 on Facebook
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.
More On Demand

What's On KCRG

4:05
KCRG-TV9 News at 10 (encore)
4:40
Overnight Radar
5:00
YouNewsTV
5:30
To the Point with Beth
Today's Mortgage Rates