Democracy Declined - The Failed Politics of Consumer Financial Protection

"The American economy depends on the easy availability of consumer credit. However the danger of financial ruin from mounting debt, predatory lending, high interest rates, and exorbitant fees, is closely associated with this. Despite this threat, federal policymakers have largely failed to curb risky lending practices. Angry borrowers have focused their attention primarily on banks, lenders, and even trade associations, instead of demanding that lawmakers address predatory behavior on the part of lenders and advocacy groups have failed to mobilize borrowers in support of stronger consumer financial protections. The author argues that the politics of U.S. consumer protection, from mass political behavior to bureaucratic decision-making, can be explained by the historical evolution of consumer finance policies that were aimed at encouraging easy consumer credit in part by foregoing close regulation"--

About the author

Mallory E. SoRelle is assistant professor of public policy at the Sanford School of Public Policy at Duke University and has contributed to popular politics and current events blogs like the Washington Post's Monkey Cage and Scholars Strategy Network.

Product details

• Authors: Mallory E Sorelle, Mallory E. SoRelle
• Publisher: University Of Chicago Press
• Languages: English
• Product format: Paperback / Softback
• Released: 31.05.2020
• EAN: 9780226711799
• ISBN: 978-0-226-71179-9
• No. of pages: 248
• Series: Chicago Studies in American Politics; Chicago Studies in American Politics (CHUP)
• Subjects: Social sciences, law, business > Political science > Political science and political education; USA, BUSINESS & ECONOMICS / Finance / General, POLITICAL SCIENCE / American Government / General, BUSINESS & ECONOMICS / Commerce, LAW / Consumer, Political structure & processes, United States of America, USA, Political structure and processes