University of Chicago Press
Democracy Declined: The Failed Politics of Consumer Financial Protection
Key Metrics
- Mallory E Sorelle
- University of Chicago Press
- Hardcover
- 9780226711652
- 9.02 X 5.98 X 0.69 inches
- 1.26 pounds
- Political Science > American Government - General
- English
Secure TransactionBook Description
In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers' experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals--they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.
Author Bio
Mallory is an assistant professor of public policy at the Sanford School of Public Policy at Duke University. Her research and teaching explore how public policies are produced by, and critically how they reproduce, socioeconomic and political inequality in the United States.
Motivated by events surrounding the 2008 financial crisis, Mallory's first book, Democracy Declined: The Failed Politics of Consumer Financial Protection, explores the political response—by policymakers, public interest groups, and ordinary Americans—to one of the most consequential economic policy issues in the United States: consumer financial protection. Her current work investigates the politics of access to civil justice for marginalized communities.
Mallory holds a Ph.D. in Government from Cornell University, an M.P.P. from Harvard University’s Kennedy School of Government, and a B.A. with honors from Smith College. She has worked in both electoral politics and consumer advocacy.
Source: Duke University
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