Current:Home > MyHow a consumer watchdog's power became a liability -CapitalWay
How a consumer watchdog's power became a liability
View
Date:2025-04-14 09:15:02
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! (14)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Republican candidates prepare for first debate — with or without Trump
- Miley Cyrus' Mom Tish Cyrus Marries Dominic Purcell in Malibu Wedding
- Japan’s Kishida to visit Fukushima plant to highlight safety before start of treated water release
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Stumbling Yankees lose seventh straight game: 'We're sick animals in a lot of ways'
- Patriots-Packers preseason game suspended after rookie Isaiah Bolden gets carted off
- Princess Charlotte and Prince William Cheer on Women's Soccer Team Before World Cup Final
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- U.S., Japan and Australia to hold joint drills as tensions rise in South China Sea
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Hozier recalls 'super moving' jam session at Joni Mitchell's house: 'We all worship Joni'
- Relationship experts say these common dating 'rules' are actually ruining your love life
- Regional delegation meets Niger junta leader, deposed president in effort to resolve crisis
- Skins Game to make return to Thanksgiving week with a modern look
- Sweltering temperatures bring misery to large portion of central U.S., setting some heat records
- Courting fireflies are one of the joys of summer. Light pollution is killing their vibe.
- Pete Alonso apologizes for throwing first hit ball into stands: 'I feel like a piece of crap'
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Tanker believed to hold sanctioned Iran oil begins to be offloaded near Texas despite Tehran threats
Dre Kirkpatrick Jr., son of Crimson Tide star who played for Nick Saban, commits to Alabama
‘Blue Beetle’ unseats ‘Barbie’ atop box office, ending four-week reign
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
WWE star Edge addresses questions about retirement after SmackDown win in hometown
Kids Again: MLB makes strides in attracting younger fans, ticket buyers in growing the game
Official says wildfire on Spain’s popular tourist island of Tenerife was started deliberately