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AFR Statement: Kavanaugh on Scotus Would Signal Attack on Wall Street Regulation

Submitted by on July 10, 2018 – 12:41 pm
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FOR IMMEDIATE RELEASE

July 10, 2018

CONTACT:

Carter Dougherty

carter@ourfinancialsecurity.org

(202) 251-6700

 

Kavanaugh Would Signal Attack on Wall Street Regulation

“Brett Kavanaugh on the Supreme Court would pave the way for untrammeled power for Wall Street and big corporations,” said Linda Jun, senior policy counsel at Americans for Financial Reform. “In the PHH case, Kavanaugh found that the structure of the Consumer Financial Protection Bureau was unconstitutional but was overturned in a thoughtfully reasoned decision that found many faults with his analysis. Independent agencies, which have existed in the United States for nearly a century, are vital institutions for creating a government that does not only serve wealthy interests. A seat on the Supreme Court would let Kavanaugh and his allies expand attacks on the ability of government to regulate and enforce the rules on behalf of ordinary people.”

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