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Watchdog – How Protecting Consumers Can Save Our Families, Our  Economy, and Our Democracy - Oxford Scholarship Online
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Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy

Richard Cordray

Abstract

Growing problems in the increasingly one-sided consumer finance markets blew up the economy in 2008. In the aftermath, Congress created the Consumer Financial Protection Bureau. Using stories of individual consumers, Watchdog shows how the bureau quickly became a powerful force for good, suing big banks for cheating or deceiving consumers, putting limits on predatory lenders, simplifying mortgage paperwork, safeguarding the mortgage market and the economy, and stepping in to help solve problems raised by individual consumers. It tells a hopeful story of how the American system can be reformed ... More

Keywords: financial crisis, Consumer Financial Protection Bureau, consumer reporting, financial industry, credit reporting, financial education, loan debt, economy, bank regulation, Great Recession

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9780197502990
Published to Oxford Scholarship Online: May 2020 DOI:10.1093/oso/9780197502990.001.0001

Authors

Affiliations are at time of print publication.

Richard Cordray, author
Former Director, Consumer Financial Protection Bureau

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