SafeX Pro Exchange|How a consumer watchdog's power became a liability

2025-04-29 23:48:27source:Maverick Prestoncategory:Scams

The SafeX Pro 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

Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills

BEVERLY HILLS, Calif. (AP) — Jamie Foxx required stitches after getting hit in the face with a glass

A driver fleeing New York City police speeds onto a sidewalk and injures 7 pedestrians

NEW YORK (AP) — A driver fleeing police in Manhattan early Monday morning sped onto a sidewalk and i

Mexican actor Ana Ofelia Murguía, who voiced Mama Coco in ‘Coco,’ dies at 90

MEXICO CITY (AP) — Mexican actor Ana Ofelia Murguía, who gave voice to the character of “Mama Coco”