Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy Audible Audiobook – Unabridged
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.
- One credit a month to pick any title from our entire premium selection to keep (you’ll use your first credit now).
- Unlimited listening on select audiobooks, Audible Originals, and podcasts.
- You will get an email reminder before your trial ends.
- $14.95 a month after 30 days. Cancel online anytime.
|Listening Length||10 hours and 16 minutes|
|Author||Richard Cordray, Elizabeth Warren - foreword|
|Whispersync for Voice||Ready|
|Audible.com Release Date||July 28, 2020|
|Best Sellers Rank|| #168,253 in Audible Books & Originals (See Top 100 in Audible Books & Originals) |
#305 in Financial Services Industry
#887 in Public Affairs & Administration (Books)
#924 in Public Policy (Audible Books & Originals)
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
Watchdog is a well-researched, well-written book that pulls back the curtain of a 21st-century, dynamic federal agency. Cordray does an excellent job explaining the modern problems facing consumers, as well as detailing his priorities when launching the CFPB (1, consumer complaint collection, 2 enforcement and supervisory practices, 3 economics and market research, 4 public education). As with every great book, I found myself having more questions after finishing this book! I recommend to anyone with a curiosity for federal agencies, regulations, and public goods.