Current:Home > ScamsHow a consumer watchdog's power became a liability -Wealth Legacy Solutions
How a consumer watchdog's power became a liability
View
Date:2025-04-14 10:53:14
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! (421)
Related
- Small twin
- Alito tells congressional Democrats he won't recuse over flags
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Flowery Language
- Heat-related monkey deaths are now reported in several Mexican states
- B.A. Parker is learning the banjo
- Gypsy Rose Blanchard Shares When She Knew Former Fiancé Ken Urker Was The One
- Nicole Brown Simpson's Sisters Share Rare Update on Her and O.J. Simpson's Kids
- Usher, Victoria Monét will receive prestigious awards from music industry group ASCAP
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Maradona’s heirs lose court battle to block auction of World Cup Golden Ball trophy
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- When does the Nvidia stock split happen? What you need to know
- Cassie supporters say Diddy isn't a 'real man.' Experts say that response isn't helpful.
- Fire destroys part of Legoland theme park in western Denmark, melting replicas of famed buildings
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The Latest | 2 soldiers are killed in a West Bank car-ramming attack, Israeli military says
- Ohio House pairs fix assuring President Biden is on fall ballot with foreign nationals giving ban
- Massive international police operation takes down ransomware networks, arrests 4 suspects
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Death penalty: Alabama couple murdered in 2004 were married 55 years before tragic end
Papua New Guinea landslide survivors slow to move to safer ground after hundreds buried
Loungefly’s Scary Good Sale Has Disney, Star Wars, Marvel & More Fandom Faves up to 30% Off
Trump's 'stop
NATO allies brace for possible Trump 2024 victory
Dance Moms' Kelly Hyland Shares Signs That Led Her to Get Checked for Breast Cancer
IRS makes free tax return program permanent and is asking all states to join in 2025