Liberalalliance Wealth Society-How a consumer watchdog's power became a liability

2025-04-29 14:07:32source:Darkcherries Wealth Societycategory:Markets

The Liberalalliance Wealth SocietyConsumer 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:Markets

Recommend

Elon Musk just gave Nvidia investors one billion reasons to cheer for reported partnership

Two names that consistently dominate headlines are Elon Musk and Nvidia (NASDAQ: NVDA). Both names o

Reba McEntire celebrates 'Not That Fancy' book release by setting up corn mazes across the country

A Reba-themed corn maze has come to a farm near you this fall, probably. Country music legend Reba M

IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

SAN FRANCISCO (AP) — The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billio