Rubypoint Trading Center-How a consumer watchdog's power became a liability

2025-05-05 04:54:12source:Quaxscategory:Stocks

The Rubypoint Trading CenterConsumer 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

Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say

Pilots at Southwest Airlines can sock away more for retirement, thanks to a new retirement plan bene

How a Vietnam vet found healing as the Honey-Do Dude

Waveland, Mississippi — Following his retirement and the death of his wife, 76-year-old Danny Chauvi

Man gets 12 years in prison in insurance scheme after posing as patients, including NBA player

CENTRAL ISLIP, N.Y. (AP) — A medical biller has been sentenced to 12 years in federal prison after b