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News Release | U.S. PIRG | Financial Reform

Volcker Rule Finally Out, Will Require Vigilant Enforcement and Tough Judges

Regulators today released the final so-called Volcker rule designed to prevent Wall Street banks from placing the kinds of risky bets that helped magnify the 2008 mortgage market collapse into a spectacular failure of the financial system leading to trillions of dollars in lost retirement income and the loss of millions of jobs and millions of homes. [...] The final rule is stronger than the proposed rule and stronger than the rule that the banks wanted, reflecting the outpouring of support from citizens across the country, in favor of a robust Volcker rule. [...]

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News Release | U.S. PIRG | Budget

Unlikely Allies Offer Billions in Deficit Reduction Recommendations for Budget Conference Committee

As the Congressional Budget Conference Committee nears its deadline to craft a fiscal plan for the coming years, a new report released today by the U.S. Public Interest Research Group (U.S. PIRG) and the National Taxpayers Union (NTU) provides our elected leaders with a solid place to start: over half a trillion dollars’ worth of deficit reduction recommendations with appeal from across the political spectrum in, “Toward Common Ground: Bridging the Political Divide with Deficit Reduction Recommendations for Congress.”

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Report | U.S. PIRG | Budget

Toward Common Ground: Bridging the Political Divide with Deficit Reduction Recommendations for Congress

To break through the ideological divide that has dominated Washington in recent years and offer a pathway to address the nation’s fiscal problems, National Taxpayers Union and U.S. PIRG joined together to identify mutually acceptable deficit reduction measures. This report documents our recommendations.

What follows is a general summary of recommendations that fall into four categories:

- $151.6 billion in savings from ending wasteful subsidies;

- $197.2 billion from addressing outdated or ineffective military programs;

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

Study Shows Driving Decline in America’s Cities

 

A first-of-its-kind report details reduced driving miles and rates of car commuting in America’s most populous urbanized areas, as well as greater use of public transit and biking in most cities.

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Report | U.S. PIRG | Transportation

Transportation in Transition

A first-of-its-kind report showing that on average, residents of America’s cities are driving less and using other modes of travel more.  The report compares the latest government data on changes in automobile use, public transit travel and biking in each of the most populous 100 urbanized areas across the nation.  Recommendations are made for how policy leaders should adapt to these new trends.

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News Release | US PIRG Education Fund | Consumer Protection

New Report Identifies Banks Consumers Complain About Most

WASHINGTON – Thousands of Americans are using the Consumer Financial Protection Bureau’s public Consumer Complaints Database to settle disputes with their banks, according to a new report from the US PIRG Education Fund. The report highlights banks that generated the most complaints through their various banking services in each state.

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News Release | U.S. PIRG | Budget, Food, Tax

Groups, Lawmakers Demand Cuts to Ag Subsidies, Deliver Petitions from 278,000 Citizens, 1,000 Small Farmers

Representatives Ron Kind (D-WI) and Tom Petri (R-WI) joined groups from across the political spectrum to deliver petitions and call on Congress to end subsidies to large agribusinesses, which are a part of the Farm Bill that is set to expire at the end of this month. 

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News Release | U.S. PIRG | Tax

Justice Department Settlements Last Month Could Leave Taxpayers Subsidizing $220 Million for Corporate Misdeeds

Taxpayers could end up shouldering up to $220 million in tax breaks as a result of eight settlements totaling close to $630 million that the Justice Department signed between July 30th and August 30th.

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Media Hit | Tax

Close BP’s Oil Spill Tax Loophole

Washington D.C. paper runs U.S. PIRG's letter calling for closing the settlement tax loophole.

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News Release | U.S. PIRG | Tax

Taxpayers Win: EPA Bars Safeway from Using Settlement as a Tax Write-Off

Good news for taxpayers: The settlement agreement announced by the EPA bars Safeway from using its Clean Air Act violation settlement as a tax write-off. We applaud the EPA for holding Safeway fully accountable for its actions, and not letting them stick taxpayers with the tab for their wrongdoing.

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Report | U.S. PIRG Education Fund | Public Health

Trouble in Toyland

The 2009 Trouble in Toyland report is the 24th annual Public Interest Research Group (PIRG) survey of toy safety. This report provides safety guidelines for parents when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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Report | Green Century Capital Management | Public Health

Seeking Safer Packaging

Seeking Safer Packaging - a project of Green Century Capital Management, Inc. (Green Century) and As You Sow - sent letters to 20 companies in the packaged food industry to identify the actions the companies are taking to address concerns regarding BPA. Fourteen companies replied. Seeking Safer Packaging grades those companies based entirely on their responses to these letters.

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Report | U.S. PIRG | Health Care

Uncovered

It's commonly assumed that young Americans are disengaged from the issue, that on the whole they are a healthy group who are unlikely to be affected by health problems or lack access to care. But the reality couldn't be more different. In fact, young people, including college students, are on the front lines of the health care crisis. They make up the largest age block of the uninsured, and face a uniquely challenging set of obstacles that often prevent them from getting coverage.

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Report | U.S. PIRG Education Fund | Transportation

Greasing the Wheels

We analyzed two data sets and new information that shine light on the influence of campaign giving on transportation funding decisions at the state and federal level. First the report examines, on a state-by-state basis, how much money was contributed to both federal and state campaigns by highway interests, defined as those from the development, automobile, transportation, and construction sectors.

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Report | CALPIRG | Higher Ed

Working Too Hard to Make the Grade

Our commitment to equity and our future economic success require that we make higher education accessible to all Californians, and that our students succeed academically and graduate. The community college system plays a key role in California’s ability to meet these goals, educating six out of every ten college students in the state and opening their doors to students of every type. It is therefore deeply concerning that, of all community college students who intend to complete an associate’s degree, or transfer to a four-year school, only 24 percent achieve their goal within six years.

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Blog Post | Financial Reform

Bank lobby launches dark money group to kill reform and other Friday Follies | Ed Mierzwinski

(UPDATED) The American Bankers Association's latest effort to kill financial reform is to raise millions of dollars through a new dark money group (like a secret SuperPAC) disguised as a social welfare organization but designed to elect Senators who agree with their Bizarro-World narrative that the financial collapse of 2008 was not their fault.  Meanwhile, read more Friday Financial Follies, because in Washington, we don't have to make this stuff up.

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Blog Post | Consumer Protection

Survey: Consumers happy with Credit CARD Act | Ed Mierzwinski

Over at Time Magazine, reporter Martha White says a JD Power survey finds consumers are happier with their credit cards. She adds "To give credit where it’s due in this case, look to the CARD Act, that big piece of financial reform legislation that was passed in the wake of  the financial crisis in 2009 over the strenuous objection of the banking industry."

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Blog Post | Financial Reform

SEC mostly ignores us, proposal weakens investor protections | Ed Mierzwinski

Yesterday, the Securities and Exchange Commission (SEC) issued a proposed rule implementing the controversial JOBS Act that fails to protect small investors from a likely onslaught of sales pitches online and on the phone -- including from private equity and hedge funds. Positively, it's only a proposed rule, at least nominally subject to amendment, not an interim final rule.

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Blog Post | Public Health

Red Vines Black Licorice Candy Recalled for High Lead Content | Nasima Hossain

The American Licorice Co. voluntarily recalled 1-pound bags of its Red Vines Black Licorice Twists after the California Department of Public Health found levels of lead in the candy that exceed the state standards.

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Blog Post | Consumer Protection

FTC recovers over $500 million from "get rich" and "lose weight in 3 minute abs workout" scammers | Ed Mierzwinski

The FTC today announced a $25 million settlement with the marketers of the Ab Circle Pro, an exercise machine that promises you can lose weight and get ripped abs in "just 3 minutes a day;" meanwhile, a federal judge has also approved a $478 million settlement in the FTC's case against a "get rich quick" infomercial king. A good day for consumers.

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Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Food and Drug Administration to put an end to the worst practices.

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