Current:Home > StocksHow a consumer watchdog's power became a liability -ProfitSphere Academy
How a consumer watchdog's power became a liability
View
Date:2025-04-11 18:04:19
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! (7)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- When does daylight saving time end? When we 'fall back', gain extra hour of sleep in 2024
- Victims of Catholic nuns rely on each other after being overlooked in the clergy sex abuse crisis
- Kylie Jenner Stuns in New Sam Edelman Campaign: An Exclusive Behind the Scenes Look
- Intel's stock did something it hasn't done since 2022
- Vanessa Hudgens Shows Off Baby Bump in Sheer Look at Vanity Fair Party
- King Charles III Promises to Serve to the Best of My Ability in Commonwealth Day Address
- Breaking glass ceilings: the women seizing opportunities in automotive engineering
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Sydney Sweeney Wore Angelina Jolie’s Euphoric 2004 Oscars Dress to After-Party 20 Years Later
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- NFL draft order 2024: Where every team will make picks over seven rounds, 257 picks
- Our credit card debt threatens to swamp our savings. Here's how to deal with both
- Vanessa Hudgens is pregnant, revealing baby bump at Oscars
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- RHOC's Alexis Bellino and John Janssen Make First Red Carpet Appearance as a Couple
- Lionel Messi does not play in Inter Miami's loss to CF Montreal. Here's the latest update.
- Billie Eilish and Finneas Break 86-Year Oscars Record With Best Original Song Win
Recommendation
Intel's stock did something it hasn't done since 2022
Caitlin Clark needs a break before NCAA tournament begins
Biden says he regrets using term illegal to describe suspected killer of Laken Riley
The Livestock Industry’s Secret Weapons: Expert Academics
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Best dressed at the Oscars 2024: Lupita Nyong'o, America Ferrera, Zendaya, more dazzling fashion looks
Josef Newgarden opens 2024 IndyCar season with dominating win in St. Petersburg Grand Prix
USWNT defeats Brazil to win inaugural Concacaf W Gold Cup