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Blog Post | Financial Reform

Wall St. Computers Run Amok and More Friday Financial Follies | Ed Mierzwinski

Will the blowback from Wednesday's Wall Street high-speed trading crash caused by computers running amok revitalize efforts to enact a small tax on stock transactions? Meanwhile, here are the rest of the week's financial follies, finishing with a Funk #49.

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News Release | U.S. PIRG | Tax

Senate Finance Votes to Extend Offshore Tax Loopholes

Americans will pick up the $13 billion tab for multinational tax avoidance if two "tax extenders" approved by the Senate Finance Committee become law.

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News Release | U.S. PIRG | Democracy

New Report Details Latest Numbers on Outside Spending, Secret Money and Super PAC Fundraising for 2012 Elections

The Top 5 “dark money” spenders on presidential election ads have reported less than 1% of their spending to the FEC, which is all that is required by the agency’s insufficient standards, according to a new report analyzing the latest campaign filings.

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News Release | U.S. PIRG | Food

U.S. PIRG Applauds House Leadership for Dropping One-Year Farm Bill Extension that Included Billions in Wasteful Subsidies

In this current economic climate the reauthorization of the farm bill should be a straight forward opportunity to end wasteful subsidies.

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Report | U.S. PIRG Education Fund and Demos | Democracy

Million-Dollar Megaphones

Although each major party presidential candidate will likely break previous fundraising records, the big story of the 2012 election has been the role of Super PACs, nonprofits and outside spending generally. Demos and U.S. PIRG Education Fund analyzed Federal Election Commission (FEC) data and secondary sources on outside spending and Super PAC fundraising for the first two quarters of the 2012 election cycle.

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News Release | U.S. PIRG | Financial Reform

U.S. PIRG Applauds President For “Bold and Important” Recess Appointment of Richard Cordray To Head New Consumer Financial Protection Bureau (CFPB)

President Obama is taking a bold and important step to protect consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau.

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News Release | U.S. PIRG | Higher Ed

New Consumer Finance Chief Can Lower Student Debt

President Obama is taking a bold step to protect student consumers from financial tricks and traps by announcing a recess appointment of his well-qualified nominee, Richard Cordray, to head the new Consumer Financial Protection Bureau.

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Media Hit | Financial Reform

LA Times: Richard Cordray Appointment 'Turns Lights On' at Consumer Bureau

"Congress wanted the bureau to protect consumers no matter where they shopped for financial products," said Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group. "With a director, the public can now have confidence the consumer bureau is ready, willing and able to investigate their financial problems."

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News Release | U.S. PIRG Education Fund | Financial Reform

New Report Highlights Reasons for New Consumer Protections

The report outlines predatory financial practices that hurt consumers and led to the collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values.

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News Release | U.S. PIRG | Democracy

U.S.PIRG Hails DOJ Rejection of Anti-Democratic S.C. Voter ID Laws

The Department of Justice issued a letter objecting to South Carolina’s new voter ID law (section 5 of Act R54) on the grounds that non-white voters are 20% more likely to be disenfranchised by the act. We applaud the Department of Justice for taking an aggressive stance against this anti-democratic piece of legislation.

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Tools & Resources

  • YOUR TAX DOLLARS BECOME CORN SYRUP
    At a time when one-in-three kids is overweight or obese, over a billion taxpayer dollars go to high-fructose corn syrup and junk food ingredients.
    Learn more
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  • STOP TAX DODGERS
    Corporate tax avoidance cost taxpayers $100 billion last year. We're working to close the loopholes that allow companies to avoid paying the taxes they owe.
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  • Reclaim Democracy
    The Supreme Court's Citizens United decision ushered in an era of unprecedented spending by big money in our elections, but we're working to return our democracy back to the principle of "one person, one vote."
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    ADD YOUR VOICE
  • Trouble in Toyland
    For the 27th year, U.S. PIRG arms consumers with safety guidelines and a list of harmful toys hitting store shelves this holiday season.
    Learn more
    Get the guide

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Each year, our tax dollars pay for enough junk food additives to buy 8.5 two-liter bottles of soda for each person under 18. Help stop the subsidies for junk food.

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