Ahead of today’s Supreme Court hearing on Consumer Financial Protection Bureau v. Community Financial Services Association of America, End Citizens United // Let America Vote Action Fund President Tiffany Muller released the following statement:
“The stakes in Consumer Financial Protection Bureau v. Community Financial Services Association of America couldn’t be more stark as billionaires and their financial behemoths will argue that the Supreme Court should put their profits ahead of consumer protections. If the court sides against the CFPB, which protects American families from fraud and abuse by big banks, vicious loan sharks will be able to replicate the same reckless and predatory tactics that led to the 2008 financial crisis.
“Justice Alito has an undeniable financial connection to this case through his billionaire benefactor, Paul Singer—who paid for his luxury Alaskan fishing trip. Singer’s interest in a ruling against the CFPB is an expensive one. He has a hedge fund that holds at least a $90 million stake in the financial companies that would directly benefit if the court ruled against the CFPB.
“Justice Alito refusing to recuse himself in this case sets a dangerous precedent for the rest of this SCOTUS term. As they work to hand-deliver more power to their pay-to-play donors, the credibility of the court will diminish even further. Until Congress enacts strict ethics and recusal standards, Americans will continue to lose their rights and freedoms in favor of shadowy special interests.”
For a complete list of exposés detailing corruption and financial conflicts of interests, click here.