Current:Home > NewsHow a consumer watchdog's power became a liability -Wealth Axis Pro
How a consumer watchdog's power became a liability
View
Date:2025-04-13 11:41:42
The Consumer Financial Protection Bureau was created in 2010 as the legislative response to the Great Recession. It's an aggressive regulator that challenges financial institutions on behalf of consumers. However, the unique power it wields may turn out to be its vulnerability. The bureau's critics take issue with the very tools that give the agency its might and are asking the Supreme Court to make changes. Today, we examine how the CFPB came to be such a powerful regulator and why some want to see the agency overhauled.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (9892)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- I Have Hundreds of Lip Liners, Here Are My Top Picks Starting at $1— MAC, NYX, and More
- Spanish police arrest suspect in killing of 3 siblings over debts reportedly linked to romance scam
- Vermont governor proposes $8.6 billion budget and urges the Legislature not to raise taxes, fees
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- New member of Mormon church leadership says it must do better to help sex abuse victims heal
- Costco, Sam's Club replicas of $1,200 Anthropologie mirror go viral
- Apple's Stolen Device Protection feature is now live. Here's how it can help protect your iPhone.
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Airbnb donates $10 million to 120 nonprofits on 6 continents through its unusual community fund
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Love Is Blind Contestant Spots This Red Flag in Season 6 Trailer
- These Gym Bags Are So Stylish, You’ll Hit the Gym Just to Flaunt Them
- Rifts within Israel resurface as war in Gaza drags on. Some want elections now
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Avalanche kills snowboarder in Colorado backcountry
- Emma Stone, Robert Downey Jr., and More React to 2024 Oscars Nominations
- WWE’s ‘Raw’ is moving to Netflix next year in a major streaming deal worth more than $5 billion
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
George Santos says he doesn’t plan to vote in the special election to fill his former seat
Kansas lawmakers want a report on last year’s police raid of a newspaper
New Hampshire takeaways: Trump’s path becomes clearer. So does the prospect of a rematch with Biden.
What to watch: O Jolie night
Teen who shot Indiana sheriff’s deputy during welfare check is later found dead, authorities say
Michigan woman sentenced to life in prison in starvation death of son
Christopher Eccleston alleges A-list actress falsely accused him of 'copping a feel' on set