University of Pennsylvania ScholarlyCommons CUREJ - College Undergraduate Research Electronic Journal College of Arts and Sciences 5-2-2013 A Tale of Two Movements: Consumer Protection in the U.S. from 1969 to 2010 Diya Berger
[email protected] Follow this and additional works at: https://repository.upenn.edu/curej Recommended Citation Berger, Diya, "A Tale of Two Movements: Consumer Protection in the U.S. from 1969 to 2010" 02 May 2013. CUREJ: College Undergraduate Research Electronic Journal, University of Pennsylvania, https://repository.upenn.edu/curej/168. This paper is posted at ScholarlyCommons. https://repository.upenn.edu/curej/168 For more information, please contact
[email protected]. A Tale of Two Movements: Consumer Protection in the U.S. from 1969 to 2010 Abstract The passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and subsequent establishment of the Consumer Financial Protection Bureau marked an unexpected victory for consumers across America at the expense of the well-financed business lobby. Although classical social scientists, such as Mancur Olson, claim that consumer movements should fail to emerge due to the difficulty of providing public goods for large constituencies, consumer victories – like the passage of Dodd-Frank— have occurred in waves throughout the last century. In conducting this study, I thus sought to answer why it is that some consumer movements are able to push through consumer legislation while others fail. In order to answer this question, I conducted two cases studies, comparing Ralph Nader’s failed attempt to establish a Consumer Protection Agency in the 1970s with Elizabeth Warren’s successful push to create Consumer Financial Protection Bureau in 2010.