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Watchdog

How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy

Richard Cordray (Former Director, Former Director, Consumer Financial Protection Bureau)

$41.95

Paperback

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English
Oxford University Press Inc
30 August 2021
The necessary story of how the Consumer Financial Protection Bureau became a powerful force for good in the lives of everyday Americans after the 2008 financial crash.

Every day across America, consumers face issues with credit cards, mortgages, car loans, and student loans. When they are cheated or mistreated, all too often they hit a brick wall when they challenge the financial companies. People are fed up, but few have the resources or expertise to fight back on their own. Growing problems in the increasingly one-sided finance markets blew up the economy in 2008. In the aftermath, Congress created the Consumer Financial Protection Bureau. In Watchdog, former CFPB Director Richard Cordray 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, and stepping in to help solve problems raised by individual consumers. Along with providing a powerful explanation of how the financial industry became so dominant in American life, Watchdog tells a hopeful story of how our system can be reformed by putting government back on the side of the people, to strengthen our families, safeguard the marketplace, and establish a new baseline of fairness in our democratic society.

By:  
Imprint:   Oxford University Press Inc
Country of Publication:   United States
Dimensions:   Height: 155mm,  Width: 234mm,  Spine: 23mm
Weight:   444g
ISBN:   9780197577561
ISBN 10:   0197577563
Pages:   300
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Foreword by Senator Elizabeth Warren Introduction PART I: THE CASE FOR A CONSUMER WATCHDOG Chapter 1: Consumers and Predators Chapter 2: The Rise of the Financial Consumer Chapter 3: An Ominous Mismatch Chapter 4: The Making of a Watchdog PART II: LEVELING THE PLAYING FIELD Chapter 5: Giving People a Voice that Matters Chapter 6: A Powerful Force for Good Chapter 7: Playing by the Rules Chapter 8: Ways and Means Chapter 9: Know Before You Owe PART III: PITCHED BATTLES FOR THE AMERICAN DREAM Chapter 10: A Great Big Country Chapter 11: Teaming Up for Consumers Chapter 12: The Tougher Fights PART IV: TAKING ON THE TRUMP ADMINISTRATION Chapter 13: Under Fire from All Sides Chapter 14: The Last Big Fights Chapter 15: A Treacherous Transition PART V: GOVERNING IN THE PUBLIC INTEREST Chapter 16: Concluding Thoughts

Richard Cordray served for six years as the first Director of the Consumer Financial Protection Bureau. Before joining the Consumer Bureau, Rich served as Ohio's Attorney General. He also served as Ohio Treasurer, where he led the State's banking, investment, debt, and financing activities. He previously taught at Ohio State's law school and served as a state legislator and as Ohio's first Solicitor General. Cordray has argued seven cases before the United States Supreme Court, including by special appointment of both the Clinton and Bush Justice Departments.

Reviews for Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy

"Watchdog is the harrowing story of how the Consumer Financial Protection Bureau grew up and became a major force for fairness in the marketplace. Rich shows what a difference good government can make for millions of Americans. Along the way, he describes in vivid detail the tough fights the Consumer Bureau took on and what it meant for every household in America. * Sen. Elizabeth Warren, from the Foreword to Watchdog * Watchdog provides a compelling behind-the-scenes story about the Consumer Financial Protection Bureau. Rich Cordray's first-hand account demonstrates the positive impact that government can have if its leaders are solely dedicated to supporting and protecting people and their families."" * Valerie Jarrett, former Senior Advisor to President Barack Obama * Rich Cordray keenly understands that economic rights are civil rights. In his new book, Watchdog, he tells the fascinating story of how as leader of the CFPB he and his team worked to protect the vulnerable, empower consumers, and root out lending discrimination all over the country. * Andrew Young, civil rights leader and former US Ambassador to the United Nations * Richard Cordray is a true American hero, a tremendous public servant who listens to all sides and who is fiercely dedicated to the American people. This book is an inspiring tale of a potent combination: terrific ideas, determination, and sheer idealism. If you care about consumers or the vulnerable, this is your best guide to the achievements of the recent past-and to the boundless possibilities of the future. * Cass Sunstein, author of How Change Happens * Led by Richard Cordray, the CFPB was a stunning success, recovering $12 billion for millions of consumers from lenders who cheated or defrauded them. As the champion of the forgotten working families of America, it went after lenders and others for charging people of color more for mortgages, auto loans, and credit cards. This timely book shows how critical that work continues to be. * Rev. Jesse Jackson, Rainbow/PUSH founder, former shadow US Senator (DC) * Watchdog serves an important, impressive purpose in demonstrating how effective government agencies can be, with concrete resolutions and real dollars kept in the hands that earned them. At very least, readers will learn what they're up against. * The San Francisco Review of Books * This well-reasoned and articulate manifesto will resonate with liberal readers. * Publishers Weekly *"


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