Current:Home > ContactHow a consumer watchdog's power became a liability -AdvancementTrade
How a consumer watchdog's power became a liability
View
Date:2025-04-14 21:22:30
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! (27)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Pharmacists prescribe another round of US protests to highlight working conditions
- Doctors could revive bid to block Arizona ban on abortions performed due to genetic abnormality
- Chase Field roof open for World Series Game 3 between Diamondbacks and Rangers
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- For parents who’ve been through shootings, raising kids requires grappling with fears
- Abuse victims say gun surrender laws save lives. Will the Supreme Court agree?
- 3 Social Security surprises that could cost you in retirement
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Germany’s highest court overturns a reform that allowed for new trials after acquittals
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- What does 'The Exorcist' tell us about evil? A priest has some ideas
- Wife of Grammy winner killed by Nashville police sues city over ‘excessive, unreasonable force’
- California’s Newsom plays hardball in China, collides with student during schoolyard basketball game
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Hong Kong leader defends new election rules even though biggest pro-democracy party can’t join race
- Halloween candy can give you a 'sugar hangover.' Experts weigh in on how much is too much.
- China’s forces shadow a Philippine navy ship near disputed shoal, sparking new exchange of warnings
Recommendation
Current, future North Carolina governor’s challenge of power
Video shows breaching whale body-slam a 55-year-old surfer and drag him 30 feet underwater
Democratic Gov. Beshear downplays party labels in campaigning for 2nd term in GOP-leaning Kentucky
Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc & David Schwimmer Mourn Matthew Perry's Death
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Dabo Swinney goes on rant in response to caller on Clemson football radio show
Kansas can’t enforce new law on abortion pills or make patients wait 24 hours, judge rules
UN peacekeepers have departed a rebel stronghold in northern Mali early as violence increases