There are a lot of reasons why I don’t think Brett Kavanaugh should be the next Supreme Court justice. But one reason that really keeps me up at night is his hostility towards consumers.
Back in 2016, as a judge on the U.S. Court of Appeals, he wrote an opinion that declared the Consumer Financial Protection Bureau unconstitutional. His reason? He thought the CFPB Director had too much power because the President could only fire the Director if he had a good reason. That argument made no sense – which is why the other members of the Court of Appeals overwhelmingly overturned Kavanaugh’s decision.
But that moment made Brett Kavanaugh a hero of the big banks and financial institutions – and showed the American people he wasn’t on their side. The American people deserve a Justice who works for Main Street, not Wall Street – and that person is not Brett Kavanaugh.
The Consumer Financial Protection Bureau is under attack, and it faces even greater danger with Kavanaugh on the Supreme Court. We’re going to do everything we can to stop him from reaching the highest bench, but we need your help. Add your name here to demand that the Senate NOT approve his nomination.
Richard, the CFPB isn’t about politics. It’s about protecting hard-working Americans: service members, first responders, students, seniors, and families who need someone on their side when they get cheated by the big banks. It’s about having a consumer watchdog in place to hold big financial institutions accountable – especially when no one else will.
The CFPB is already in jeopardy. Here are some reasons why:
- Part-time OMB and CFPB Director Mick Mulvaney has assumed control of the agency and has repeatedly tried to kill it from the inside – such as by dismantling the key office dedicated to protecting student borrowers from predatory student loans.
- Kathy Kraninger, his crony, is no better. As an OMB official, she oversaw the budget for the Department of Homeland Security – the cabinet agency that implemented Trump’s “zero-tolerance” policy that has ripped away babies from their parents at the border. Her Senate hearing to be the next Director of the CFPB is next week – and you can bet I’ll have a few questions for her.
- Time and time again, Republicans have made it abundantly clear that they would like to see the CFPB dead and buried. President Donald Trump has promised “a major elimination of the horrendous Dodd-Frank regulations.” The 2016 GOP Platform called for the agency to be abolished. Just last year, Senator Ted Cruz and Congressman John Ratcliffe introduced legislation to eliminate the CFPB. And that’s just the tip of the iceberg.
Why do we have government regulations? Simple answer: to protect people and to weed out corruption. When the economy crashed in 2008 one lousy mortgage at a time, there was no government agency able to hold mortgage lenders accountable, and the result was disastrous: millions of people lost their jobs, lost their homes, and lost their livelihoods.
The CFPB was established to protect consumers and make sure these devastating financial crashes never happen again. And in the 7 years since it’s been created, this little agency has forced big financial institutions to return $12 billion directly to people who were cheated.
And Brett Kavanaugh says that the CFPB is unconstitutional? Not only is he wrong – his wrong opinion would give the green light for big banks to once again cheat the American people without any accountability.
That’s just one reason why he’ll be getting a resounding “NO” vote from me.
The future of the Consumer Financial Protection Bureau is at risk, and so are the rights of millions of consumers. Sign your name to our petition and demand that Congress reject the nomination of Brett Kavanaugh. We’re going to fight our hearts out to make sure he never reaches the highest bench.
Thanks for being a part of this,