Richard Cordray ¾ 2 Read
Gn 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 than 1 trillion in assets Financial products have become a mass of fine print that consumers can hardly even read let alone understandGrowing 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 individu.
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 ownIt 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 campai.
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Al consumers Watchdog shows how the Bureau uickly 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 It 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 socie.