Current:Home > FinanceHow a consumer watchdog's power became a liability-VaTradeCoin
How a consumer watchdog's power became a liability
View Date:2025-01-08 16:08:36
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! (739)
Related
- Atlanta man dies in shootout after police chase that also kills police dog
- Mississippi’s capital city is catching up on paying overdue bills, mayor says
- Delaware gubernatorial candidate calls for investigation into primary rival’s campaign finances
- Simone Biles has redefined her sport — and its vocabulary. A look at the skills bearing her name
- Watch as massive amount of crabs scamper across Australian island: 'It's quite weird'
- Utility cuts natural gas service to landslide-stricken Southern California neighborhood
- Boar's Head faces first suit in fatal listeria outbreak after 88-year-old fell 'deathly ill'
- Green Day, Smashing Pumpkins roar through impressive sets after rain hits tour opener
- Mike Williams Instagram post: Steelers' WR shades Aaron Rodgers 'red line' comments
- Watch as rescuers save Georgia man who fell down 50-foot well while looking for phone
Ranking
- Mike Tyson vs. Jake Paul fight odds will shift the longer the heavyweight bout goes
- Bodies of 2 kayakers recovered from Sheyenne River in North Dakota
- Utility cuts natural gas service to landslide-stricken Southern California neighborhood
- Gymnastics at 2024 Paris Olympics: How scoring works, Team USA stars, what to know
- The Office's Kate Flannery Defends John Krasinski's Sexiest Man Alive Win
- The 25 Most Popular Amazon Items E! Readers Bought This Month: Viral Beauty Products & More
- Gymnastics at 2024 Paris Olympics: How scoring works, Team USA stars, what to know
- Son of drug kingpin ‘El Chapo’ pleads not guilty to drug trafficking charges in Chicago
Recommendation
-
Rare Alo Yoga Flash Sale: Don’t Miss 60% Off Deals With Styles as Low as $5
-
US golf team's Olympic threads could be divisive. That's the point
-
2024 Olympics: Gymnast Aly Raisman Defends Jade Carey After Her Fall at Paris Games
-
Shannon Sharpe, Chad Johnson: We'll pay US track stars $25K for winning Olympics gold
-
Prosecutors say some erroneous evidence was given jurors at ex-Sen. Bob Menendez’s bribery trial
-
2024 Olympics: Jade Carey Makes Epic Return to Vault After Fall at Gymnastics Qualifiers
-
Best of 'ArtButMakeItSports': Famed Social media account dominates Paris Olympics' first week
-
Orioles pay pretty penny for Trevor Rogers in MLB trade deadline deal with Marlins