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

2025-05-06 16:06:25source:VAS Communitycategory:Scams

The AQCAN 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:Scams

Recommend

Fired, rehired, and fired again: Some federal workers find they're suddenly uninsured

Danielle Waterfield was already dealing with the shock and disappointment of being fired from a job

Dangerous storms, tornadoes threaten more than 80 million on East Coast

A wicked weather system had a large chunk of the East Coast in its crosshairs Monday in a summer of

Worker injured as explosion at Texas paint plant sends fireballs into sky

GARLAND, Texas (AP) — A worker was injured early Monday when an explosion set a paint manufacturing