Current:Home > FinanceHow a consumer watchdog's power became a liability -Infinite Edge Learning
How a consumer watchdog's power became a liability
View
Date:2025-04-17 21:03:27
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! (2712)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Deadly Chicago traffic stop where police fired 96 shots raises serious questions about use of force
- Kansas City Chiefs’ Rashee Rice surrenders to police on assault charge after high-speed crash
- OJ Simpson's Bronco chase riveted America. The memory is haunting, even after his death.
- Former longtime South Carolina congressman John Spratt dies at 82
- Video shows rare 'species of concern' appear in West Virginia forest
- ‘I’m dying, you’re not': Those terminally ill ask more states to legalize physician-assisted death
- Surprise! CBS renews 'S.W.A.T.' for Season 8 a month before final episode was set to air
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Louisiana lawmakers quietly advance two controversial bills as severe weather hits the state
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- A Washington man pleads not guilty in connection with 2022 attacks on an Oregon electrical grid
- Residents of this state pay $987,117 in lifetime taxes. Guess which one?
- O.J. Simpson dies of prostate cancer at 76, his family announces
- Travis Hunter, the 2
- Kansas City Chiefs’ Rashee Rice surrenders to police on assault charge after high-speed crash
- Salmon fishing to be banned off California coast for 2nd year in a row
- Mattel launches new 'collaborative,' less intimidating version of Scrabble: What we know
Recommendation
Intel's stock did something it hasn't done since 2022
Pennsylvania flooded by applications for student-teacher stipends in bid to end teacher shortage
'Bridgerton' Season 3 gets dramatic new trailer: How to watch, what to know about Netflix hit
Off-duty SC police officer charged with murder in Chick-fil-A parking lot shooting
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
New York officials approve $780M soccer stadium for NYCFC to be built next to Mets’ home
Ron Goldman's Dad Fred Speaks Out After O.J. Simpson's Death
This is not a drill: 1 in 4 teachers say guns forced their schools into lockdown last year