Current:Home > reviewsHow a consumer watchdog's power became a liability -Elevate Capital Network
How a consumer watchdog's power became a liability
View
Date:2025-04-24 00:02:12
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! (71174)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- 'A violation of our sovereignty': 2 bodies found in Rio Grande, one near a floating barrier
- Niger’s civil society mobilizes the nation to fight for freedom from foreign interference
- 'Big Brother' 2023 schedule: When do Season 25 episodes come out?
- Buckingham Palace staff under investigation for 'bar brawl'
- Active shooter scare on Capitol Hill was a false alarm, police say
- DNA leads to true identity of woman at center of bizarre Mom-In-The-Box cold case in California
- Free People Flash Sale: Save 66% On Dresses, Jumpsuits, Pants, and More
- The White House is cracking down on overdraft fees
- Judge agrees to allow football player Matt Araiza to ask rape accuser about her sexual history
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Singapore executes third prisoner in 2 weeks for drug trafficking
- Drexel University mourns death of men's basketball player, Terrence Butler
- Meet the megalodon: What you need to know about the shark star of 'Meg 2: The Trench'
- Intel's stock did something it hasn't done since 2022
- Leah Remini sues Church of Scientology, alleging harassment, intimidation, surveillance, and defamation
- NASA detects faint 'heartbeat' signal of Voyager 2 after losing contact with probe
- Fitch just downgraded the U.S. credit rating — how much does it matter?
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Mother gets 14 years in death of newborn found floating off Florida coast in 2018
An end in sight for Hollywood's writers strike? Sides to meet for the first time in 3 months
GM recalls some 2013-model vehicles due to Takata-made air bag inflator malfunction
Former longtime South Carolina congressman John Spratt dies at 82
A 13 year old boy is charged with murder in the shooting of an Albuquerque woman
Arizona man was trapped in his Tesla on a 100 degree day; here's how to get out
'Bachelor' star Gabby Windey announces she has a girlfriend: 'A love that I always wanted'