Watchdog, Richard Cordray
Watchdog, Richard Cordray
List: $19.99 | Sale: $13.99
Club: $9.99

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

Author: Richard Cordray, Elizabeth Warren

Narrator: Rick Adamson

Unabridged: 10 hr 16 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 07/28/2020


Synopsis

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 against the financial companies. People are fed up with being run over by big corporations, and few have the resources or expertise to fight back on their own.

It is no wonder consumers feel powerless: they are outgunned every step of the way. Since 1970, the financial industry has doubled in size. It is the biggest source of campaign contributions to federal candidates and parties, spending about $1 billion annually on campaigns and another $500 million on lobbying. The four biggest banks each now has more than $1 trillion in assets. Financial products have become a mass of fine print that consumers can hardly even read, let alone understand.

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. Sharing the 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, and stepping in to help solve problems raised by individual consumers.

About Richard Cordray

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 US Supreme Court, including by special appointment of both the Clinton and Bush Justice Departments.


Reviews

Goodreads review by David on January 04, 2020

Americans fork over billions to financial firms for nothing. Incredibly perhaps, there is one government agency that actively seeks out their scams and returns truckloads of dollars to customers: the Consumer Financial Protection Bureau (CFPB). Richard Cordray, its founding Executive Director, has w......more

Goodreads review by Taylor on January 15, 2024

A bit self congratulatory for my taste with frequent testimonials distracting from the book’s content.......more