Home

What's New

Blog Post | Consumer Protection

The CFPB at Three: A Child Prodigy | Ed Mierzwinski

The Consumer Financial Protection Bureau (CFPB) turned just three years old Monday, July 21st, but when you look at its massive and compelling body of work, you must wonder: Are watchdog years like plain old dog years? Is the CFPB now a full-sized, 21-year-old adult? The answer is no, not yet. The CFPB is still growing and developing and adding programs and projects. The CFPB is, however, at three years old, certainly a child prodigy. Despite overwhelming public support, however, powerful special interests continue to attack it. Yet, the idea of the CFPB needs no defense, only more defenders.

> Keep Reading
Blog Post | Consumer Protection

FTC Sues Alleged Corporate Wrongdoers Amazon & T-Mobile | Ed Mierzwinski

In the last few days, the U.S. Federal Trade Commission (FTC) has filed lawsuits against the wireless company T-Mobile over cramming of "hundreds of millions of dollars" in junk charges on phone bills and the web seller Amazon over "millions of dollars in unauthorized in-app charges incurred by children." What's interesting is not that the companies are alleged to have broken the law, it's that they've refused to settle and forced the FTC into court.

> Keep Reading
News Release | U.S. PIRG | Tax

Justice Department Protects Taxpayers in BNP Settlement

Statement on the Justice Department's barring BNP Paribas from writing off its nearly $9 billion settlement as a tax deduction, saving taxpayers potentially more than $3 billion.

> Keep Reading
Blog Post | Consumer Protection

Consumer Groups Urge FTC Action On "Unfixed Recalled" CarMax Cars | Ed Mierzwinski

We've joined leading consumer groups to urge the Federal Trade Commission to take action against the massive car retailer CarMax for deceptive practices. The petition argues that CarMax aggressively advertises that all cars get a "rigorous 125-point" inspection but "fails to ensure that safety recalls are performed prior to selling used cars to consumers."

> Keep Reading
News Release | U.S. PIRG | Tax

BNP Paribas Settlement Subsidy Could Cost Taxpayers $3 Billion

The giant bank will soon agree to a multi-billion-dollar payment to resolve charges that it hid $30 billion in wire transfers to terror countries, but the amount will depend on whether the Justice Department allows the bank to use the settlement as a huge tax break. 

> Keep Reading

Pages

News Release | U.S. PIRG | Consumer Protection, Higher Ed

U.S. PIRG Applauds CFPB Call for Greater Disclosure

Washington, DC — Today, the Consumer Financial Protection Bureau (CFPB) called on financial institutions to publicly disclose all of their card agreements with colleges and universities. Currently, institutions only need to disclose agreements regarding credit cards, but not debit, checking, or prepaid cards.

> Keep Reading
News Release | U.S. PIRG | Budget, Tax

Murray-Ryan Budget Deal Cuts Some Waste, but Misses Chance to Close Corporate Tax Loopholes

With our nation facing tough budget choices, U.S. PIRG applauds Senator Murray and Congressman Ryan for naming a few names when it comes to wasteful programs and special interest giveaways. This is the first step to ending the arbitrary sequester approach to budgeting, which throws the baby out with the bathwater...Unfortunately, the budget plan fails to close a single corporate tax loophole. This is a huge missed opportunity...There’s much more room for lawmakers to find common ground by ending wasteful programs while preserving those that serve the public interest, and closing the loopholes that only benefit special interests.

> Keep Reading
News Release | U.S. PIRG | Consumer Protection

Advocates Decry Harm Done to Consumers by Forced Arbitration

On date of CFPB field hearing in Dallas to release report on forced arbitration clauses in consumer contracts, U.S. PIRG, Americans for Financial Reform, National Consumer Law Center, National Association of Consumer Advocates and Public Citizen issue joint release. From the release: “Unfair arbitration clauses encourage unfair corporate practices and sloppy customer service,” said Ed Mierzwinski of U.S. PIRG. “If your customers cannot take you to court, why should you care about their complaints? We urge the CFPB to act quickly to ban forced arbitration clauses in financial products and services contracts.”

> Keep Reading
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. [...]

> Keep Reading

Pages

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

More Bang for the Health Care Buck

The high cost of health care in the U.S. imposes an increasing burden on households, businesses, government, and our country’s economy – a burden made heavier by the current economic crisis. The money that insurance companies spend on inefficient administration, billing and marketing – instead of medical care for their enrollees – contributes to the high health care costs Americans must endure. To incentive efficiency and get costs under control, the U.S.

> Keep Reading
Report | U.S. PIRG Education Fund | Democracy

Saving Dollars, Saving Democracy

A more streamlined and automatic system linking existing databases with the state voter rolls could free up significant resources at the local level.  Thanks to the Help America Vote Act, we have already seen technological change in the initial creation of the mandated state database voter rolls.  By creating a more automatic system, the majority of the cost burden currently facing election officials due to registration could be eliminated.

> Keep Reading
Report | U.S. PIRG | Health Care

Paying for What Works

Congress faces the challenge of transforming macro-level consensus on health care reform into detailed, workable policy. This policy primer is intended to help meet that challenge. It examines seven factors which have led to the interrelated crises in cost and quality, and prescribes specific policy remedies to tame costs and restore health professionals’ ability to provide the care on which American families rely.

> Keep Reading
Report | U.S. PIRG Education Fund | Tax

Tax Shell Game 2009

Many of the largest corporations in our country hide profits made in the United States in offshore shell companies and sham headquarters in order to avoid paying billions in federal taxes. The result is massive losses in revenue for the U.S. Treasury – which ultimately must be made up by taxpayers. 

> Keep Reading
Report | Arizona PIRG Education Fund | Transportation

Arizona’s New Frontier

Over the past few decades, Arizona’s population has skyrocketed. This population growth has not been matched by public transportation investment, and Arizona’s resulting dependence on cars is hurting the state. High and wildly fluctuating gas prices add to Arizonans’ economic woes, traffic congestion wastes valuable time and energy, and our cars and trucks produce pollution that harms Arizonans’ health and contributes to global warming.

> Keep Reading

Pages

Blog Post | Financial Reform

Latest financial follies: "Bizarre" FHFA raising mortgage costs; CNBC Closing Bell overdraft debate | Ed Mierzwinski

Latest follies: Professor Alan White explains the latest antics of the "bizarre" Federal Housing Finance Agency (FHFA)--its effort to punish states with successful foreclosure mediation programs by raising their mortgage costs. Meanwhile, I join Maria Bartiromo on CNBC's Closing Bell where I blame irresponsible bankers for an increase in overdraft fees.

> Keep Reading
Blog Post | Financial Reform

Supposed settlement between merchants and credit card networks lurching toward collapse | Ed Mierzwinski

In July, news broke that merchants and the Visa and Mastercard payment networks had agreed to settle charges that "interchange" fees that the networks charged the merchants to accept credit and debit cards were unfair. Now, all the merchant associations involved have withdrawn from the deal because it wouldn't punish the banks, wouldn't reduce the fees that result in higher consumer prices and would bind merchants, including those not yet born, from any future lawsuits for unfair payment network practices.

> Keep Reading
Blog Post | Financial Reform

CFPB says 1 in 5 credit scores sold to consumers have "meaningful" differences from scores lenders use | Ed Mierzwinski

The CFPB has confirmed what consumer advocates have been saying all along. Credit scores heavily marketed to consumers aren't the same as those used by lenders; at least 1 in 5 consumer scores have "meaningful" differences and that "score discrepancies may generate consumer harm." That's why we call them FAKO scores.

> Keep Reading
Blog Post | Public Health

Poultry Industry And USDA Wants to Put Dangerous Chicken on Your Plates | Nasima Hossain

The new USDA proposed poultry inspection rule is being hailed as a common sense, cost-saving rule by OIRA and the poultry industry. It will purportedly streamline antiquated poultry inspection requirements, allowing companies to choose a more flexible approach, with five-year savings apparently in excess of $1 billion.

> Keep Reading
Blog Post | Financial Reform

Financial follies update: Discover Card pays deceptive marketing penalty | Ed Mierzwinski

Discover Card has paid a $14 million civil penalty to the CFPB and FDIC, plus refunded over $200 million to ripped-off consumers, in the latest case involving useless, junk credit insurance and credit monitoring add-ons that consumers didn't buy, but pay for, to credit card bills. Read more for that and other weekend financial follies.

> Keep Reading

Pages

Priority Action

The overuse of antibiotics on factory farms is threatening these lifesaving medicines. Call on big restaurants to do their part and stop buying meat raised with critical antibiotics.

Support Us

Your donation supports U.S. PIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code