washington pennsylvania attorney general lead charge among democratic peer prepare shore protections borrowers savers president donald trump follow pledge defang powerful consumer finance watchdog since swear january democrat josh shapiro build consumer finance unit preparation republican trump officials take consumer financial protection bureau cfpb unit staff dozen people lead former senior cfpb attorney shapiro team already file case navient navi.o student loan servicer accuse deceive borrowers order drive profit lead 48-state investigation hack equifax efx.n consumer credit bureau demonstrate capacity handle big complex consumer financial protection case shapiro tell reuters add attorneys general party ask mimic efforts navient say operate within federal laws rule student loan contest similar charge bring cfpb court equifax spokesperson say company comment pending litigation remain focus help customers well employees consumers navigate situation shapiro expect case load grow particularly trump instal budget director fierce cfpb critic mick mulvaney temporary chief agency press office office management budget currently handle public relations cfpb say early comment democratic attorneys plan however course carry statutorily oblige enforce spokesman john czwartacki say create wake 2007-2009 financial crisis crack predatory financial practice cfbp long criticize republicans include trump say far powerful burden lenders red tape shapiro part group democratic attorneys general powerful large state california new york disagree trump call financial deregulation since trump inauguration january top law enforcement officials sue administration least 25 time crackdown immigration dismantle regulations across range areas energy education come financial consumer protection state attorneys general wield additional potentially powerful weapon little-known provision 2010 dodd-frank law create cfpb give authority enforce agency rule broad ban unfair deceptive abusive practice beyond state line state rarely use provision richard cordray appoint president barack obama know aggressively pursue financial firm charge watchdog departure last week mulvaney freeze new rulemakings hire permanent successor expect loosen watchdog regulation enforcement top attorneys state pennsylvania california say prepare get active state make difficult make impossible say california attorney general xavier becerra democrat one difficulty state want pursue federal enforcement case go financial firm across state line law must notify cfpb say ori lev consumer financial service partner law firm mayer brown proceed without cfpb bless agency change mind case agency could challenge federal court would likely defer cfpb say c. boyden gray found partner boyden gray associate work conservative federalist society track regulation still attorneys general jurisdiction sue institutions operate state state consumer protection laws could join force pursue case nationally attorneys general contact reuters democratic attorneys general association represent 22 officials nearly half top state attorneys country say prepare take case washington attorney general bob ferguson say office consumer finance division 27 attorneys compare 11 four years ago consequently well position use tool available us protect washingtonians new leader cfpb share director cordray vigor protect consumers democrat say consumer watchdog create state often take lead case involve consumer lenders ohio attorney general cordray example lead investigation financial firm precipitate financial crisis win billion settlements state pension fund consumer advocacy group generally applaud work cfpb state consumer protections republican attorneys general side trump need rein federal watchdog nov. 27 letter trump republican attorneys west virginia texas alabama arkansas oklahoma say mulvaney would help curb cfpb practice overreach regulation harm interest consumers small financial institutions anticipate state activity maria earley partner law firm reed smith advise clients face cfpb charge stall hop watchdog become lenient trump may want litigate run clock go six seven eight state start look earley say add settle three cfpb case clients since trump take office reuters could independently verify number michelle rogers partner buckley sandler say wall street may end increase regulatory complexity rather relief state attorneys step nimble big federal agency staff agenda send subpoena whim broad set issue say story correct 18th paragraph attribute idea c. boyden gray instead ori lev u.s. state gird fight trump target consumer finance watchdog