How a consumer watchdog's power became a liability

2025-01-13 04:12:01 source:lotradecoin payouts category:Scams

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.

More:Scams

Recommend

What was 2024's best movie? From 'The Substance' to 'Conclave,' our top 10

Love movies? Live for TV? USA TODAY's Watch Party newsletter has all the best recommendations, deliv

Luigi Mangione's Lawyer Speaks Out in UnitedHealthcare CEO Murder Case

Luigi Mangione's lawyer is standing by his client's right to due process.After the 26-year-old was c

When does 'No Good Deed' come out? How to watch Ray Romano, Lisa Kudrow's new dark comedy

Creator and showrunner of the Emmy-nominated hit series "Dead to Me" Liz Feldman is back with anothe