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Attorney General's News Release

March 3, 2010

Attorney General Koster, other state AGs, meet with President Obama

--Discuss need for new Consumer Financial Protection Agency--

Jefferson City, Mo. - Attorney General Chris Koster and a bipartisan group of Attorneys General from other states this morning met with President Obama in the West Wing of the White House to discuss a number of issues, including ways to better protect consumers from financial fraud.

Koster said the Attorneys General met with the President for about 30 minutes, where they discussed the White House's legislative proposal to create a Consumer Financial Protection Agency. Koster previously joined a number of other Attorneys General to encourage Congress to pass legislation creating this new protection agency.

"This national fiscal crisis has pointed out the need for increasing protections for consumers," Koster said. "The White House has put forward strong legislation to create a Consumer Financial Protection Agency. I have been supportive of this legislation because it protects Missouri consumers and gives the Missouri Attorney General's office better powers to enforce increased state and federal protections."

Koster said the President and the Attorneys General also discussed mortgage foreclosure prevention and financial regulatory reform issues.



 
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