Current:Home > reviewsHow a consumer watchdog's power became a liability -AssetTrainer
How a consumer watchdog's power became a liability
View
Date:2025-04-25 09:54:47
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! (472)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Another round of powerful, dry winds to raise wildfire risk across California
- Democrats hope to flip a reliably Republican Louisiana congressional seat with new boundaries
- The Nissan Versa is the cheapest new car in America, and it just got more expensive
- The Best Stocking Stuffers Under $25
- South Carolina forward Ashlyn Watkins has charges against her dismissed
- Democrat Sheldon Whitehouse seeks a fourth term in the US Senate from Rhode Island
- Queen Camilla Withdraws From Public Engagements Due to Chest Infection
- Global Warming Set the Stage for Los Angeles Fires
- Colorado US House race between Rep. Caraveo and Evans comes down to Latino voters
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Jonathan Haze, who played Seymour in 'The Little Shop of Horrors,' dies at 95: Reports
- Strike at Boeing was part of a new era of labor activism long in decline at US work places
- Ohio set to decide constitutional amendment establishing a citizen-led redistricting commission
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- 10 teams to watch as MLB rumors swirl with GM meetings, free agency getting underway
- Illinois Democrats look to defend congressional seats across the state
- Massachusetts Democrat Elizabeth Warren seeks third term in US Senate against challenger John Deaton
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Salma Hayek reimagines 'Like Water for Chocolate' in new 'complex,' 'sensual' HBO series
Jonathan Mingo trade grades: Did Cowboys get fleeced by Panthers in WR deal?
Democrat Matt Meyer and Republican Michael Ramone square off in Delaware’s gubernatorial contest
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Arizona voters to decide on expanding abortion access months after facing a potential near-total ban
Ashanti and Nelly Share Sweet Update on Family Life 3 Months After Welcoming Baby
North Dakota’s lone congressman seeks to continue GOP’s decades-old grip on the governor’s post