Current:Home > MarketsHow a consumer watchdog's power became a liability -Elevate Capital Network
How a consumer watchdog's power became a liability
View
Date:2025-04-17 00:32:56
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! (92456)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Man charged with punching actor Steve Buscemi is held on $50,000 bond
- Orioles legend Cal Ripken Jr. thinks Jackson Holliday may have needed more time in the minors
- Seize the Grey crosses finish line first at Preakness Stakes, ending Mystik Dan's run for Triple Crown
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Powerball winning numbers for May 18 drawing: Jackpot rises to $88 million
- Ohio voters approved reproductive rights. Will the state’s near-ban on abortion stand?
- Powerball winning numbers for May 18 drawing: Jackpot rises to $88 million
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Inter Miami vs. D.C. United updates: How to watch Messi, what to know about tonight’s game
Ranking
- The Best Stocking Stuffers Under $25
- The Torture and Killing of a Wolf, a New Endangered Species Lawsuit and Novel Science Revive Wyoming Debate Over the Predator
- 6 people injured, hospitalized after weekend shooting on Chicago’s West Side
- Power expected to be restored to most affected by deadly Houston storm
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Helicopter carrying Iran’s president suffers a ‘hard landing,’ state TV says, and rescue is underway
- U.S. and Saudi Arabia near potentially historic security deal
- Fast-growing wildfire has shut down a portion of the Tonto National Forest in Arizona
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Disneyland character and parade performers in California vote to join labor union
Misery in Houston with power out and heat rising; Kansas faces wind risk
CNN political commentator Alice Stewart dies at 58
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
The sequel has been much better for Luka Doncic and Kyrie Irving as Mavs head to West finals
The video of Diddy assaulting Cassie is something you can’t unsee. It’s OK not to watch.
Tyson Fury says split decision in favor of Oleksandr Usyk motivated by sympathy for Ukraine