Current:Home > MyHow a consumer watchdog's power became a liability -ProfitEdge
How a consumer watchdog's power became a liability
View
Date:2025-04-17 10:12:41
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! (71624)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Blake Lively Quips She’d Be an “A--hole” If She Did This
- Two-time Wimbledon champion Andy Murray says Paris Olympics will be final event of storied career
- Video shows aftermath from train derailing, crashing into New York garage
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Russia says its fighter jets intercepted 2 U.S. strategic bombers in the Arctic
- Despite Musk’s Trump endorsement, X remains a go-to platform for Democrats
- Get your hands on Deadpool's 'buns of steel' with new Xbox controller featuring 'cheeky' grip
- All That You Wanted to Know About She’s All That
- With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%
Ranking
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Dan Aykroyd revisits the Blues Brothers’ remarkable legacy in new Audible Original
- Top Nordstrom Anniversary Sale 2024 Deals Under $50: Get a Pearl Necklace for $35 & More Up to 50% Off
- Nordstrom Beauty Director Autumne West Shares Deals That Will Sell Out, Must-Haves & Trend Predictions
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Blake Lively Quips She’d Be an “A--hole” If She Did This
- Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
- As doctors leave Puerto Rico in droves, a rapper tries to fill the gaps
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Kandi Burruss’ Must-Haves for Busy People Include These Hand Soap Sheets You Won’t Leave Home Without
Hiker dies after running out of water near state park in sweltering heat
Tobey Maguire's Ex Jennifer Meyer Shares How Gwyneth Paltrow Helped With Her Breakup
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Simone Biles' husband, Jonathan Owens, will get to watch Olympics team, all-around final
Dubai Princess Shares Photo With 2-Month-Old Daughter After Shocking Divorce
As doctors leave Puerto Rico in droves, a rapper tries to fill the gaps