Nineteen State AGs Launch Investigation Into Six Major Banks

Missouri Attorney General Eric Schmitt and attorneys general of Arizona, Kentucky, and Texas are leading a 19-state coalition to investigate Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo over potential violations of consumer protection laws, according to a statement.

• Banks served with civil investigative demands for documents relating to involvement with the UN’s Net-Zero Banking Alliance
• The Republican-led states oppose the Alliance’s commitment to aligning lending and investment portfolios with net-zero emissions by 2050
  • Shmitt says Alliance will “starve companies engaged in fossil fuel-related activities of credit on ...