FOR IMMEDIATE RELEASE
Friday, October 4, 2019
Contact: press@bettermarkets.com or (202)618-6433
Washington, D.C. – Stephen W. Hall, Legal Director and Securities Specialist for Better Markets, issued the following statement announcing the release of a special report highlighting the powerful impact of the Supreme Court on the financial well-being of all Americans:
“Our report reviews the Court’s decisions from its last term in the area of financial regulation, and it demonstrates the enormous impact that this branch of our government has on the economic security and financial well-being of every American. The bottom line is that anyone who has a job, bank account, credit card, mortgage, car loan, student loan, retirement plan, brokerage account, or any other financial product or service—meaning every single American—should care about the Supreme Court’s decisions.
“Those cases determine whether the law is interpreted broadly to crack down on financial predators; whether the agencies who serve as the cops on the Wall Street beat will have the tools they need to police the financial markets effectively; and whether investors and consumers subjected to fraud and abuse will be allowed to seek justice in open court or instead forced into a shadowy and biased arbitration forum that offers paltry relief.
“Sadly, this Court consistently favors businesses, financial firms, and others who seek to avoid accountability for their abusive practices over the interests of investors, consumers, workers, and retirees.
“Our report also updates our August 2018 analysis of then-D.C. Circuit Judge Kavanaugh. It shows that as a Supreme Court Justice, Kavanaugh has continued his pattern of siding with business interests and against investors and consumers. And the report looks ahead to some of the financial issues confronting the Court in the term that has just gotten underway, which will have an especially important impact on retirement savers. Our report provides fresh evidence that every American has a huge financial stake in the Court, the justices who are selected to serve on it, and the decisions it hands down.”
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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.
