Attorneys General Tom Miller (IA), Lisa Madigan (IL), Richard Blumenthal (CT) and Richard Cordray (OH) addressed the importance of the U.S. Senate passing legislation to create a Consumer Financial Protection Agency on a press call on February 9, 2010.
The Attorneys General discussed the need for an independent agency as an effective check on the excesses of the financial industry that had a role in creating the current economic crisis. They also addressed the important role that state Attorneys General must play in order for the agency to be effective.