Why DOGE is killing the agency that stops banks from ripping you off

Why DOGE is killing the agency that stops banks from ripping you off

Rohit Chopra was the Consumer Financial Protection Bureau head until the end of January, when President Donald Trump fired him and Elon Musk’s DOGE began trying to dismantle the agency. The CFPB has been pretty popular since it was founded in the wake of the 2008 financial crisis to protect consumers, so shutting it down has kicked off a bunch of controversies — not least of which was whether Trump and Musk even had the power to do it. This all led me to ask several times who made the decision to fire him, who is currently responsible for the various policies of our government, and whether any of those things add up to a clear plan. Some of the most powerful executives in the world answer questions like this on Decoder all the time. But Rohit just didn’t know — and that should probably be as worrying as anything. Links: Trump fires CFPB director Rohit Chopra | Associated Press Trump orders CFPB to stop work, closes building | Associated Press CFPB workers reinstated after court order but still can’t work | The Verge Trump admin to appeal order blocking CFPB shutdown | Bloomberg Law A shady tech bootcamp may be sneaking back online | The Verge CFPB won’t enforce long-awaited payday lending rule | Bloomberg Law CFPB seeks to vacate redlining settlement, refund lender | Banking Dive CFPB signals it will drop rule regulating BNPL like credit cards | PYMTS CFPB drops fraud lawsuit against banks, Zelle | CNBC Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Dr. Jill Lepore on why the AI backlash is vital for the future

Dr. Jill Lepore on why the AI backlash is vital for the future

Dr. Jill Lepore is one of the best writers there is at identifying institutional patterns in history, and Decoder is a show about systems and organization — so her new book, The Rise and Fall of the A...

20 Heinä 59min

Proton’s CTO: No company is going to jail for you

Proton’s CTO: No company is going to jail for you

We’ve got the first of a two-part series on the systems that run the world: I’m talking today with Bart Butler, the CTO of Proton, the company that makes private and secure productivity software. Th...

16 Heinä 1h 24min

Yes, even Nvidia's head of automotive is fighting for compute

Yes, even Nvidia's head of automotive is fighting for compute

Nvidia is obviously in the news constantly because of the AI boom — but it's also a major supplier to the entire auto industry As head of Nvidia's automotive division, Xinzhou Wu has a front-row seat ...

13 Heinä 1h 11min

Why did Comcast ever buy NBC?

Why did Comcast ever buy NBC?

My guest today is Peter Kafka, chief correspondent at Business Insider and host of Channels, a podcast about the media industry. And it’s a big week for the media industry — Comcast just announced tha...

9 Heinä 1h 2min

Inside the big business of the creator economy, with Ali Berman and Raina Penchansky

Inside the big business of the creator economy, with Ali Berman and Raina Penchansky

Today I’m talking with Ali Berman and Raina Penchansky, who run the Creators Division at United Talent Agency. UTA is an enormous talent agency, and Ali and Raina's creators division represents some o...

6 Heinä 1h 8min

The CMO is a dying role, says Digitas' Amy Lanzi

The CMO is a dying role, says Digitas' Amy Lanzi

We’ve got a special Decoder today. I had the chance to talk with Amy Lanzi, the CEO of Digitas North America, in front of a live audience at the Uber villa at the Cannes Lions advertising festival in ...

2 Heinä 56min

He changed outdoor cooking forever — then took over Weber

He changed outdoor cooking forever — then took over Weber

It’s time for our annual Fourth of July grill episode here at Decoder, which is when we invite the CEOs of outdoor cooking companies onto the show to explain just how their businesses kind of look lik...

29 Kesä 1h 11min

Rewind: CEO Jim Farley on Ford's EV gamble

Rewind: CEO Jim Farley on Ford's EV gamble

Hey everyone, Nilay here. You might remember I took a break from Decoder last year — we had a baby, so I took some leave. In my place, we had an excellent slate of guest hosts, and we’ve been working ...

25 Kesä 1h 3min

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