Current:Home > StocksHow a consumer watchdog's power became a liability -Finovate
How a consumer watchdog's power became a liability
View
Date:2025-04-18 05:56:09
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! (74)
Related
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Today’s Climate: June 18, 2010
- See King Charles III and Queen Camilla's Golden Arrival at His Coronation
- Why Queen Camilla Officially Dropped Her Consort Title After King Charles III’s Coronation
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Coach Flash Sale: Save 85% on Handbags, Shoes, Jewelry, Belts, Wallets, and More
- The Heartbreak And Cost Of Losing A Baby In America
- Texas Fracking Zone Emits 90% More Methane Than EPA Estimated
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Biden touts his 'cancer moonshot' on the anniversary of JFK's 'man on the moon' speech
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Today’s Climate: June 18, 2010
- HIV crashed her life. She found her way back to joy — and spoke at the U.N. this week
- See Kaia Gerber Join Mom Cindy Crawford for an Epic Reunion With ‘90s Supermodels and Their Kids
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- How Kate Middleton Honored Queen Elizabeth II and Princess Diana at Coronation
- Jim Hines, first sprinter to run 100 meters in under 10 seconds, dies at 76
- Family Dollar recalls Colgate products that were improperly stored
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
Today’s Climate: June 19-20, 2010
Earthquakes at Wastewater Injection Site Give Oklahomans Jolt into New Year
Today’s Climate: June 16, 2010
This was the average Social Security benefit in 2004, and here's what it is now
Maps, satellite images show Canadian wildfire smoke enveloping parts of U.S. with unhealthy air
Sea Level Rise Is Accelerating: 4 Inches Per Decade (or More) by 2100
Here's what will happen at the first White House hunger summit since 1969