Catherine Rampell: Republicans are propping up scammers and cheaters

Catherine Rampell Yet over the course of this year, President Trump and Congress have worked to prop up lots of defective firms. By which I mean: Companies whose business models are contingent on scamming customers, shortchanging workers and suckling the government teat.

Just this week, the Senate limited consumers’ ability to fight back against financial firms that have cheated them. Which is of course an implicit subsidy to firms whose profits depend on cheating.

Often buried in the fine print is language saying you must resolve any dispute through arbitration, with the arbitrator sometimes selected and paid by the very same company that wronged you. More important, you and any other…