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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Taskrabbit CEO Ania Smith isn’t afraid of AI robots replacing human labor

Taskrabbit CEO Ania Smith isn’t afraid of AI robots replacing human labor

Today, I’m talking with Taskrabbit CEO Ania Smith. Taskrabbit is an interesting company; it’s known best for being a platform for hiring people to put together your furniture, so much so that Ikea acq...

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Why Runway CEO Cris Valenzuela thinks AI filmmaking is the future

Why Runway CEO Cris Valenzuela thinks AI filmmaking is the future

Today, I’m talking with Runway CEO and co-founder Cris Valenzuela. This one’s special: Cris and I were live at an event in New York City last month hosted by Alix Partners, so you’ll hear the audience...

5 Kesä 202552min

Airbnb CEO Brian Chesky wants to build the everything app

Airbnb CEO Brian Chesky wants to build the everything app

Today, I’m talking with Airbnb CEO Brian Chesky. This is Brian’s fourth time on the show, and he’s one of my favorite guests because he’s so clearly obsessed with things like company structure, design...

2 Kesä 20251h 13min

How private equity kills companies and communities

How private equity kills companies and communities

Today, I’m talking with journalist Megan Greenwell about her new book Bad Company: Private Equity and the Death of the American Dream. It comes out June 10th. It's fantastic and maddening in equal mea...

29 Touko 202549min

Google CEO Sundar Pichai on the next phase of AI

Google CEO Sundar Pichai on the next phase of AI

In what's become a bit of a Decoder tradition, I spoke with Google CEO Sundar Pichai in person after I/O. The conference this year was all about AI, particularly a slew of actual AI products, not just...

27 Touko 202546min

Why Uber's CEO is okay with reinventing the bus

Why Uber's CEO is okay with reinventing the bus

Today, I’m talking with Uber CEO Dara Khosrowshahi. We recorded this conversation on the same day Uber announced a big set of product updates, including new options for shared rides. Dara was in New Y...

22 Touko 20251h 3min

Microsoft CTO Kevin Scott on how AI can save the web, not destroy it

Microsoft CTO Kevin Scott on how AI can save the web, not destroy it

Today, I’m talking with Kevin Scott, the chief technology officer of Microsoft, and one of the company’s AI leaders. Kevin is one of my favorite repeat Decoder guests, and he joined the show this time...

19 Touko 20251h 10min

Workday's new product head hopes he can make you like Workday

Workday's new product head hopes he can make you like Workday

Today, I’m talking with Gerrit Kazmaier, the brand-new president of product and technology at Workday. Gerrit’s new on the job, maybe a little bit braver than most, and to his credit he came on the sh...

15 Touko 20251h 13min

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