Grayson  Preston-How a consumer watchdog's power became a liability

2025-04-30 13:42:43source:Surpassingcategory:Stocks

The Grayson  PrestonConsumer 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:Stocks

Recommend

'Stranger Things' prequel 'The First Shadow' is headed to Broadway

Broadway is getting a little stranger."Stranger Things: The First Shadow," a prequel based on smash-

Heidi Klum Teases Her Claw-some Halloween Costume

Heidi Klum is getting into the spooky season spirit.The America's Got Talent judge—known for wearing

A series of deaths and the ‘Big Fight': Uncovering police force in one Midwestern city

EVANSVILLE, Ind. (AP) — It was the day of the “Big Fight” at the police academy, and rookie sheriff’