Current:Home > MyHow a consumer watchdog's power became a liability -MarketStream
How a consumer watchdog's power became a liability
View
Date:2025-04-18 20:50:52
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! (72164)
Related
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- How Everything Turned Around for Christina Hall
- SAG actors are striking but there are still projects they can work on. Here are the rules of the strike.
- Inside Clean Energy: What Happens When Solar Power Gets Much, Much Cheaper?
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Kate Spade 24-Hour Flash Deal: Get This $360 Reversible Tote Bag for Just $89
- Travis King's family opens up about U.S. soldier in North Korean custody after willfully crossing DMZ
- California enters a contract to make its own affordable insulin
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Teen Mom's Catelynn Lowell and Tyler Baltierra Share Rare Family Photo Of Daughter Carly
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Consent farms enabled billions of illegal robocalls, feds say
- Legal dispute facing Texan ‘Sassy Trucker’ in Dubai shows the limits of speech in UAE
- Inside Clean Energy: Warren Buffett Explains the Need for a Massive Energy Makeover
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- BET Awards 2023: See the Complete List of Winners
- The Solid-State Race: Legacy Automakers Reach for Battery Breakthrough
- Inside Clean Energy: The Rooftop Solar Income Gap Is (Slowly) Shrinking
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
New Florida Legislation Will Help the State Brace for Rising Sea Levels, but Doesn’t Address Its Underlying Cause
It Was an Old Apple Orchard. Now It Could Be the Future of Clean Hydrogen Energy in Washington State
'This is Us' star Mandy Moore says she's received streaming residual checks for 1 penny
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
This $40 Portable Vacuum With 144,600+ Five-Star Amazon Reviews Is On Sale for Just $24
You're Going to Want All of These Secrets About The Notebook Forever, Everyday
Pregnant Jana Kramer Reveals Sex of Her and Allan Russell's Baby
Like
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- With Increased Nutrient Pollution in the Chesapeake Bay, Environmentalists Hope a New Law Will Cleanup Wastewater Treatment in Maryland
- $58M in federal grants aim to help schools, day care centers remove lead from drinking water