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

Episoder(918)

Why nobody's stopping Grok

Why nobody's stopping Grok

Grok, the chatbot made by Elon Musk’s xAI, is able to make all manner of AI-generated images on demand, including non-consensual intimate images of women and minors. It's the kind of "controversy" tha...

22 Jan 1h 5min

Razer CEO on AI in game dev, Grok, and anime waifus

Razer CEO on AI in game dev, Grok, and anime waifus

We’re back to start the year with a very special live interview with Razer CEO Min-Liang Tan, which we taped in front of a terrific audience at Brooklyn Bowl in Las Vegas during CES. At this year’s sh...

19 Jan 1h 4min

Rewind: How private equity kills companies and communities

Rewind: How private equity kills companies and communities

Hey everyone, it’s Nilay. We’re settling back in here after the winter break and CES, and we’ll have new episodes for you starting next Monday. In the meantime, we wanted to highlight one of our favor...

15 Jan 51min

Dropout CEO Sam Reich on the business of subscription comedy

Dropout CEO Sam Reich on the business of subscription comedy

We’ve got something special for you today. It’s my friend Hank Green, longtime YouTuber, science educator, and viral TikTok star, interviewing Dropout CEO Sam Reich.  Hank did this episode as a guest...

12 Jan 1h 4min

What’s next for Netflix and Paramount in the Warner Bros. battle

What’s next for Netflix and Paramount in the Warner Bros. battle

Hey everyone, it’s Nilay. Decoder is on our holiday break. We’ve got a lot of fun stuff coming up in the New Year, though, including a special Decoder Live at CES. Stay tuned for more details, includi...

22 Des 202543min

"All chaos and panic": Nilay answers your burning Decoder questions

"All chaos and panic": Nilay answers your burning Decoder questions

Hey everyone! Decoder senior producers Kate Cox and Nick Statt here. We’ve had a big year, including nearly 100 episodes, a new YouTube channel, an ad-free podcast feed, and a slate of great guest hos...

18 Des 202556min

Stack Overflow users don't trust AI. They're using it anyway

Stack Overflow users don't trust AI. They're using it anyway

Stack Overflow CEO Prashanth Chandrasekar was last on the show in 2022 — just one month before ChatGPT launched and upended literally everything for Stack Overflow in a deeply existential way.  He ca...

15 Des 20251h 4min

Sen. Ed Markey wants media companies to fight for the First Amendment

Sen. Ed Markey wants media companies to fight for the First Amendment

Massachusetts Sen. Ed Markey and I agree it seems like democracy is on the line right now, especially around the First Amendment and the increasing pressure the Trump administration — especially FCC c...

11 Des 202557min

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