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)

Sierra CEO Bret Taylor on why the AI bubble feels like the dotcom boom

Sierra CEO Bret Taylor on why the AI bubble feels like the dotcom boom

This is Alex Heath. For my final episode as your Thursday episode guest host, I recently sat down with Bret Taylor, the CEO of AI startup Sierra and the chairman of OpenAI, for a live event in San Fra...

11 Sep 202551min

Sal Khan is hopeful that AI won't destroy education

Sal Khan is hopeful that AI won't destroy education

This is Hank Green, cofounder of Complexly. You might remember last year when I turned the tables on Nilay and interviewed him on his own show. That was a ton of fun, and it was so much fun that they’...

8 Sep 20251h 3min

The quest to keep OpenAI honest

The quest to keep OpenAI honest

Despite being one of the most valuable companies in the world, OpenAI is still technically a nonprofit. That’s what set the stage for the dramatic board coup in 2023 that briefly ousted Sam Altman as ...

4 Sep 202540min

Rewind: Bookshop CEO's crusade to save books from Amazon

Rewind: Bookshop CEO's crusade to save books from Amazon

Hello, and welcome to Decoder! This is Senior Producer Nick Statt. We’re on a small break for the end of summer, and, sadly, Nilay will still be out a little while longer when we come back. But we hav...

28 Aug 20251h 7min

Is ChatGPT killing higher education?

Is ChatGPT killing higher education?

Hello! Decoder senior producer Kate Cox here. I’m afraid I’m still not Nilay, but I hope you’ve been enjoying our series of guest hosts this summer while he’s out on parental leave. We have a few more...

25 Aug 202557min

Amazon is betting on agents to win the AI race

Amazon is betting on agents to win the AI race

This is Alex Heath, your Thursday episode guest host and deputy editor at The Verge. One of the biggest topics in AI these days is agents — the idea that AI is going to move from chatbots to reliably ...

21 Aug 202553min

How the head of Obsidian went from superfan to CEO

How the head of Obsidian went from superfan to CEO

Obsidian is a note-taking and productivity app that occupies the same "second brain" space as competitors like Notion — but in a lot of ways, it's also startlingly different. Obsidian's files are Mark...

18 Aug 202554min

ChatGPT chief Nick Turley doesn't want you too attached to AI

ChatGPT chief Nick Turley doesn't want you too attached to AI

This is Alex Heath, your Thursday episode guest host and deputy editor at The Verge. Today, I’m talking to a very special guest: Nick Turley, OpenAI’s head of ChatGPT.  While Sam Altman is definitely...

14 Aug 202555min

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