Current:Home > NewsHow a consumer watchdog's power became a liability -MoneySpot
How a consumer watchdog's power became a liability
View
Date:2025-04-14 03:29:56
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! (6)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- UN warns nearly 50 million people could face hunger next year in West and Central Africa
- Sean 'Diddy' Combs' e-commerce brand dropped by companies after sexual abuse claims
- Our 12 favorite moments of 2023
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Remembering Ryan O'Neal
- North Carolina quarterback Drake Maye makes 2024 NFL draft decision
- Kentucky woman seeking court approval for abortion learned her embryo no longer has cardiac activity
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Our 12 favorite moments of 2023
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Ukrainian President Volodymyr Zelenskyy visits White House for joint appearance with Biden
- Son of jailed Hong Kong media mogul Jimmy Lai lobbies UK foreign secretary for his release
- A Jordanian soldier is killed in a clash with drug smugglers along the border with Syria
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- German prosecutors indict 27 people in connection with an alleged far-right coup plot
- UK leader Sunak is racing to persuade lawmakers to back his Rwanda migration bill in a key vote
- Inflation continues to moderate thanks to a big drop in gas prices
Recommendation
The White House is cracking down on overdraft fees
Dinosaur head found in U.K., and experts say it's one of the most complete pliosaur skulls ever unearthed
A Jordanian soldier is killed in a clash with drug smugglers along the border with Syria
UK leader Sunak is racing to persuade lawmakers to back his Rwanda migration bill in a key vote
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Big Bang Theory's Kate Micucci Shares Lung Cancer Diagnosis
'Bachelor in Paradise' couple Kylee, Aven break up days after the show's season finale
Sydney Sweeney and Glen Powell Reveal What It Was Really Like Filming Steamy Shower Scene