Better Markets Report on Supreme Court Nominee Kavanaugh

AMERICA’S FAMILIES WILL TAKE AN ECONOMIC HIT IF JUDGE KAVANAUGH IS CONFIRMED TO THE SUPREME COURT

Better Markets
Sep 6, 2018 · 2 min read

Here’s how Judge Kavanaugh is likely to favor corporate interests over hardworking Americans if he has a seat on the high Court. Big banks, credit card companies, brokers, student loan companies, and a host of other financial firms will be treated much better with Kavanaugh on the bench, at the expense of tens of millions of consumers and investors, because he will steer the Court toward —

  • OVERLY NARROW INTERPRETATIONS OF LAW, which will —

a. Weaken financial reforms that Congress designed to protect consumers, investors, our financial system, and our economy from another devastating financial crisis;

b. Create loopholes in the law that allow wrongdoers to escape liability.

  • EXTREME LIMITS ON AGENCIES THAT PROTECT AMERICANS, which will —

a. Make agencies less independent and more political;

b. Kill rules and regulations that keep reckless and predatory financial firms away from America’s families and their wallets, wages, and savings;

c. Substitute ideological judges’ opinions for experienced experts who independently oversee the financial markets and protect consumers.

  • TAKE AWAY RIGHTS AND FORCE CONSUMERS INTO BIASED, UNFAIR ARBITRATION, which will —

a. Shut the courthouse door, depriving ripped off consumers and investors of any meaningful compensation;

b. Force individuals to dig into their own pockets to fight corporations alone even when those corporations engage in widespread abuse and illegal actions.

  • LIMIT STATE AND LOCAL PROTECTIONS, which will —

a. Prohibit the states and local governments from taking action to combat financial fraud and abuse, even when the federal government fails to protect the public.

Read Better Markets’ report detailing how Judge Kavanaugh’s judicial record in economic and financial cases favors corporations over consumers, limits the ability of agencies to protect the public, and increases the power of the courts to judicially kill rules and other agency actions.

In short, anyone with a wallet should be worried about Brett Kavanaugh’s confirmation to the Supreme Court.

Better Markets

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An independent, nonpartisan, nonprofit organization that promotes the public interest in financial reform, financial markets and the economy.

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