VaultX Exchange|How a consumer watchdog's power became a liability

2025-05-08 00:59:57source:Safetyvaluecategory:Finance

The VaultX ExchangeConsumer 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:Finance

Recommend

Why did Bill Belichick go to North Carolina? New UNC coach explains jump to college

Bill Belichick has officially made the shocking move to college football by becoming the North Carol

78 whales killed in front of cruise ship passengers in the Faroe Islands

Cruise ship passengers arrived in the Faroe Islands as dozens of whales were killed as part of a tra

Create a Filtered, Airbrushed Look and Get 2 It Cosmetics Foundations for the Price of 1

We independently selected these deals and products because we love them, and we think you might like