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Blog Post | Consumer Protection

CFPB's #2 is leaving, replacement must meet standards to become #1 | Ed Mierzwinski

The industry trade press is all a-flutter with demands that when CFPB Deputy Director Raj Date leaves, that be replaced with what they characterize as "another" bank-friendly regulator when he leaves. Raj Date wasn't selected as CFPB special advisor and then deputy director because he had a banking background; he was selected because his additional consumer background made him qualified to become director.

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Blog Post | Public Health

No More Naps In Nap Nanny Please | Nasima Hossain

On December 5th, the Consumer Product Safety Commission filed a lawsuit against Baby Matters, LLC, of Berwyn, Pennsylvania, - the manufacturer of Nap Nanny infant recliners.

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Blog Post | Consumer Protection

Groups criticize FTC Used Car Rule and other Financial Follies | Ed Mierzwinski

Americans for Financial Reform and other leading groups slammed a proposed new FTC Used Car Rule for failing to protect consumers and ignoring advice of advocates and state attorneys general. Meanwhile, in case you missed it, find out why an alleged financial fraudster was featured on the New York Times baseball page and read other financial follies of the week.

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Report | U.S. PIRG Education Fund | Budget, Tax

What America Could Do With $150 Billion Lost to Offshore Tax Havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes, corporations and wealthy individuals shift the tax burden to ordinary Americans, who must pick up the tab in the form of cuts to public services, more debt, or higher taxes. The $150 billion lost annually to offshore tax havens is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

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News Release | U.S. PIRG Education Fund | Budget, Tax

First Step to Avoid the Fiscal Cliff: Close Offshore Tax Loopholes

With Congress scrambling to agree on ways to reduce the deficit, U.S. PIRG released a new analysis pointing out a clear first step to avoid the “fiscal cliff”: closing offshore tax loopholes. Many of America’s largest corporations and wealthiest individuals use accounting gimmicks to shift profits made in America to offshore tax havens, where they pay little to no taxes. This tax avoidance costs the federal government an estimated $150 billion in tax revenue each year.  U.S. PIRG’s new data illustrates the size of this loss with 16 dramatic ways $150 billion could be spent.

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Media Hit | Democracy

The Daily Show mentions U.S.PIRG Report: Representation Without Taxation

Massachusetts Senate hopeful Elizabeth Warren and Jon Stewart discussed U.S. PIRG and Citizens for Tax Justice's new report, Representation Without Taxation, on the January 24th edition of the Daily Show. The report outlines the "Dirty 30", corporations that spent more money lobbying congress than they paid in taxes between 2008-2010. U.S. PIRG and CTJ released the report to mark the two-year anniversary of the Supreme Court's Citizens United decision, which opened the floodgates for corporate influence in our government, as well as to highlight the need to fix the tax code to force corporations to pay their fair share.

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Media Hit | Safe Energy

KPBS Public Broadcasting: Concern Raised About Calif. Nuke Plants And Water Supply

"For nearly 2.3 million residents of the Southern California region drinking-water supplies are located within 50 of the San Onofre Nuclear Power Plant," said Emily Rusch, CALPIRG's Education Fund State Director. "That's a concern because, as we learned from last year in Fukushima, Japan, drinking water sources can become contaminated in the event of an accident or underground leak."

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News Release | U.S. PIRG | Higher Ed

SOTU: Obama Pushes Low Interest Rates, More Work-Study

In the annual State of the Union Address, President Obama proposed measures to bring relief to almost 8 million students who will see their student loan interest rates double on new loans starting July 1st, 2012.

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

Obama: Companies Shouldn’t Dodge Taxes

Statement of US PIRG Tax and Budget Associate Dan Smith on President Obama’s State of the Union Address.

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Media Hit | Budget

The Economist: You’re on film: The trouble with outsourcing traffic-law enforcement

Phineas Baxandall at the US Public Interest Research Group, a non-partisan advocacy, says the trend toward privatising the enforcement of traffic laws poses inherent conflicts of interest. Municipalities typically sign up because they are strapped for cash. When the contract involves revenue-sharing between the vendor and the municipality, there is an incentive to issue more tickets than necessary. But even flat-fee contracts can cause problems, if the system is implicitly tuned to recoup that fee by, in effect, setting a quota of tickets to be issued.

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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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