Current:Home > NewsHow a consumer watchdog's power became a liability -WealthStream
How a consumer watchdog's power became a liability
View
Date:2025-04-27 22:58:27
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! (95164)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Horoscopes Today, September 24, 2023
- 'The Masked Singer' Season 10: Premiere date, judges, how to watch new season episodes
- Dolly Parton's Fascinating World Will Have You Captivated From 9 to 5—And Beyond
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Trump lawyers say prosecutors want to ‘silence’ him with gag order in his federal 2020 election case
- El Paso Walmart shooter ordered to pay $5 million to massacre victims
- London’s top cop seeks protections for police as armed officers protest murder charge for colleague
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Horseless carriages were once a lot like driverless cars. What can history teach us?
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Megan Thee Stallion Joins Beyoncé for Surprise Performance at Renaissance Concert in Houston
- Flesh-eating bacteria infections are on the rise in the U.S. − here's how one expert says you can protect yourself
- Joe Jonas Steps Out With Brother Nick After Reaching Temporary Custody Agreement With Ex Sophie Turner
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Worst loss in NFL Week 3? Cowboys, Broncos among biggest embarrassments
- Ocasio-Cortez says New Jersey's Menendez should resign after indictment
- Taylor Swift and Travis Kelce Spotted Together for First Time After Kansas City Chiefs Game
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Toddler, 2 adults shot and killed in Florida, authorities say
Canadian auto workers to target General Motors after deal with Ford is ratified
Film legend Sophia Loren has successful surgery after fracturing a leg in a fall at home, agent says
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
AP Interview: Jennifer Granholm says US aims to create nuclear fusion facility within 10 years
Bermuda premier says ‘sophisticated and deliberate’ cyberattack hobbles government services
Monday night’s $785M Powerball jackpot is 9th largest lottery prize. Odds of winning are miserable