On April 11, the Consumer Financial Protection Bureau (CFPB) and the Presidential Initiative Working Group of the National Association of Attorneys General (NAAG) announced agreement on a Joint Statement of Principles (“Joint Statement”). The Joint Statement was intended to advance three goals shared by the CFPB and the state AGs: (1) to protect consumers of financial products and services from unlawful acts and practices; (2) to provide clear rules that improve the marketplace for consumers and remove unfair competition for the benefit of lawabiding businesses; and (3) to find ways to promote consumer understanding and address concerns raised by consumers about financial products or services. In the Joint Statement, the CFPB and NAAG agree, among other things, to: (1) engage in regular consultations to identify mutual enforcement priorities that will ensure effective and consistent enforcement of consumer protection laws; (2) pursue legal remedies to foster transparency, competition, and fairness in the marketplace for consumer financial products and services without regard to corporate form or charter choice; and (3) share, refer, and route complaints and consumer complaint information between the CFPB and the state AGs.