After serving as Ohio’s Attorney General and Ohio Treasurer, Richard Cordray served for six years as the first Director of the Consumer Financial Protection Bureau, created by Congress in the aftermath of epic economic crash of 2008. Join Cordray for the launch of his book, WATCHDOG, focused on protecting consumers.
Across America, consumers feel powerless when faced with issues involving credit cards, mortgages, car loans, and student loans. 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.
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. 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 society.
Along with his aforementioned roles in state and federal government, Cordray taught at Ohio State University’s law school and served as a state legislator and as Ohio’s first Solicitor General. He has argued seven cases before the U.S. Supreme Court, including by special appointment of both the Clinton and Bush Justice Departments.
Bexley Public Library and Columbus Bar Association are Gramercy's Community Partners for this program.