Current:Home > NewsHow a consumer watchdog's power became a liability -TrueNorth Capital Hub
How a consumer watchdog's power became a liability
View
Date:2025-04-14 21:15:13
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! (523)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- As some families learn the hard way, dementia can take a toll on financial health
- The US May Have Scored a Climate Victory in Congress, but It Will Be in the Hot Seat With Other Major Emitters at UN Climate Talks
- Our final thoughts on the influencer industry
- Trump wants to turn the clock on daylight saving time
- Analysis: Fashion Industry Efforts to Verify Sustainability Make ‘Greenwashing’ Easier
- Should EPA Back-Off Pollution Controls to Help LNG Exports Replace Russian Gas in Germany?
- Game of Thrones' Kit Harington and Rose Leslie Welcome Baby No. 2
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Shares of smaller lenders sink once again, reviving fears about the banking sector
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Fossil Fuels Aren’t Just Harming the Planet. They’re Making Us Sick
- Shares of smaller lenders sink once again, reviving fears about the banking sector
- Bachelor Nation's Jason Tartick Shares How He and Kaitlyn Bristowe Balance Privacy in the Public Eye
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Two US Electrical Grid Operators Claim That New Rules For Coal Ash Could Make Electricity Supplies Less Reliable
- Tory Burch 4th of July Deals: Save 70% On Bags, Shoes, Jewelry, and More
- Steve Irwin's Son Robert Irwin and Heath Ledger's Niece Rorie Buckey Made Red Carpet Debut
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
You Don’t Need to Buy a Vowel to Enjoy Vanna White's Style Evolution
This company adopted AI. Here's what happened to its human workers
What has been driving inflation? Economists' thinking may have changed
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Should EPA Back-Off Pollution Controls to Help LNG Exports Replace Russian Gas in Germany?
These Clergy Are Bridging the Gap Between Religion and Climate
In An Unusual Step, a Top Medical Journal Weighs in on Climate Change