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Media Hit | Financial Reform

Credit Bureaus’ Deal to Improve Accuracy ‘Huge’ for Consumers

(Bloomberg) -- Buying homes, getting jobs and borrowing money will be easier after an agreement by the three biggest U.S. consumer credit reporting services with New York.[...] “It’s a sea change in the way the credit bureaus treat complaints,” said [U.S. PIRG's Ed] Mierzwinski. “The credit bureaus have been run by computers for years now. They’re going to have to hire more people and actually verify that what a creditor said is true.”

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Blog Post | Financial Reform

Is Anyone Protecting Your Privacy Or Wallet? Turbotax? Anthem? Apple? The Government? | Ed Mierzwinski

As if recent privacy breaches at the online tax preparer Turbotax and the health insurer Anthem weren't enough, it turns out that low-tech hacks can trick the vaunted Apple Pay system into giving up cash to thieves, too. Meanwhile, while the administration's blueprint for a Privacy Bill of Rights in 2012 was excellent, its new legislative draft from the Department of Commerce could have been written by the U.S. Chamber of Commerce. There is some good news on privacy, though.

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News Release | US PIRG | Tax

Achtung Baby! German Bank Settlement Could Include $490 Million Loophole

As the German-based Commerzbank approaches a settlement agreement to resolve allegations surrounding the bank’s role in illegal money laundering with sanctioned states, the Justice Department will need to forbid tax deductions for this corporate wrongdoing or the bank will likely deduct the payments as an ordinary cost of doing business. In that case, ordinary taxpayers would ultimately shoulder up to $490 million of the deal.

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News Release | Public Health

McDonald’s announces plan to cut overuse of antibiotics in chicken

McDonald’s announced a new policy today to curb the overuse of antibiotics in raising the chickens that ultimately become McNuggets or other McDonald’s products, within 2 years.

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Blog Post | Consumer Protection

As House Holds Oversight Hearing, 340 Groups Call For Defense of CFPB | Ed Mierzwinski

Today, Consumer Financial Protection Bureau Director Richard Cordray will present the CFPB's sixth semi-annual report to the House Financial Services Committee, whose majority members have been harsh critics of the successful consumer agency. Americans for Financial Reform, joined by the state PIRGs and a total of 340 national, state and local groups, sent Congress a letter explaining why the idea of the CFPB needs no defense, only more defenders.

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News Release | U.S. PIRG Education Fund | Democracy

U.S. PIRG Calls on FEC to Allow Campaign Contributions via Text Message

On Monday, U.S. PIRG, along with nine other prominent government reform groups, submitted a comment on a request for an advisory opinion at the Federal Election Commission in support of the agency allowing small-donor campaign contributions via text message in time for the 2012 election.

“Allowing text message contributions could help engage first-time and young voters in the campaign finance system and promote small donor engagement to push back against the flood of big money we are already seeing in 2012,” commented Blair Bowie, U.S. PIRG Democracy Advocate.

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News Release | U.S. PIRG | Higher Ed

Congress Must Keep Their Eye on the Prize

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the upcoming vote on H.R. 4628: "Unless a new plan is adopted by Congress, interest rates on subsidized student loans for nearly 7.5 million students will double on July 1st."

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News Release | U.S. PIRG | Food

Senate Committee Approves New Taxpayer Giveaways to Big Ag

The Senate Agriculture Committee’s proposed Farm Bill would entrench taxpayer handouts to large agribusinesses and underwrite junk food ingredients

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News Release | U.S. PIRG | Public Health

Mad Cow Highlights Need for Continued Funding of APHIS Program

With the identification of a cow infected with bovine spongiform encephalopathy in California yesterday, the cuts that the USDA want to make in the APHIS program may not be prudent. 

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News Release | U.S. PIRG | Higher Ed

President calls for extending lower interests on student loans to combat rising debt burden

Statement of Rich Williams, Higher Education Advocate for U.S. PIRG, on the President’s call for extending lower interests on student loans to combat rising debt burden.

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DEFEND THE CFPB

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