Neronha joins 22 attorneys general in opposition to Trump, Musk cuts

PROVIDENCE, R.I. (WLNE) — Rhode Island Attorney General Peter Neronha joined a coalition of 23 attorneys general to warn against another effort by the Trump administration and Elon Musk.

The AG coalition was formed over proposed cuts and a disband of the Consumer Protection Bureau.

The Trump administration ordered the CFPB to stop work by stalling investigations and suspending the effective dates of newly finalized consumer protections.

This includes banning medical debt on credit reports, capping most credit card late fees at $8 and capping bank overdraft fees at $5.

Last week, Senator Elizabeth Warren, who helped create the CFPB, asked Federal Reserve Chairman Jerome Powell, what the banking landscape might look like without it.

“If the CFPB is not there examining these giant banks to make sure they are following the laws on not cheating consumers, who is doing that job?” asked Warren.

“I can say no other federal regulator, no one,” said Powell.

Some republicans argue state regulators can handle consumer complaints.