September 13, 2018

ELLE: The Major Reason to Stop Brett Kavanaugh That People Aren't Talking About

There are a lot of reasons to be concerned about Judge Brett Kavanaugh, Donald Trump’s nominee for the Supreme Court. Judge Kavanaugh is hostile to health care for millions, thinks Presidents like Trump are above the law, and has given every indication that he will overturn Roe v. Wade. But there’s another big reason: Judge Kavanaugh thinks the Consumer Financial Protection Bureau (CFPB) is unconstitutional. 

Ten years ago, the American economy fell off a cliff and millions of people lost their homes, savings, and their jobs because greedy Wall Street bankers gambled with their lives and lost. The CFPB was created after the 2008 financial crisis to stop big financial companies from scamming Americans again – and it has been a tough watchdog for consumers. Since it opened its doors seven years ago, the consumer bureau has returned $12 billion to 29 million consumers cheated by big banks, credit card companies, and student lenders. It’s handled more than a million and a half consumer complaints and helped thousands of people put money back in their pockets. And it’s written new rules to protect families, servicemembers, and millions of Americans from financial tricks and traps in mortgages, credit cards, and prepaid cards.

But President Trump thinks the CFPB is too hard on lenders squeezing families. He has installed Mick Mulvaney to run the bureau–someone who thinks the agency shouldn’t even exist. Meanwhile, Trump’s new nominee to run the CFPB for the next five years, Kathy Kraninger, has zero consumer protection experience and played a role in the Administration’s immoral child separation policy.

Read the full op-ed on the ELLE website here.

By:  Senator Elizabeth Warren
Source: ELLE