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News Release | U.S. PIRG | Tax

Bipartisan Push to Make Government Settlements More Transparent

Today, a bipartisan bill was introduced by Sens. Warren (D-MA) and Coburn (R-OK) that would make government settlements with corporate wrongdoers more transparent and accountable to American taxpayers.

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News Release | U.S. PIRG | Tax

Regulators Disallow Tax Deduction for JPMorgan’s $1.7 Billion Settlement, Saving Taxpayers Close to $600 Million

Regulators saved taxpayers as much as $595 million by preventing JPMorgan from writing off its $1.7 billion payment for allegedly enabling Madoff Ponzi scheme

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News Release | U.S. PIRG | Tax

No Madoff Write-Off for JPMorgan

JPMorgan will reportedly pay a $2 billion settlement to resolve charges related to its role as the bank for Bernie Madoff's Ponzi scheme. Unless regulators prevent it, ordinary taxpayers may end up paying for as much as $700 million of that amount.

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An error in your credit report? Complain to the feds

A mistake in your credit report can have serious consequences. It can hurt your ability to get a credit card, qualify for a loan, rent an apartment or even be hired for a job.
Find an error in your file and you want it corrected – quickly. But that doesn’t always happen. What do you do then? Complain to the Consumer Financial Protection Bureau (CFPB).

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Blog Post | Consumer Protection

Retailers appeal swipe fee settlement with Visa/Mastercard | Ed Mierzwinski

Yesterday, big retailers filed an appeal of last month's announced final settlement order in an antitrust case involving price-fixing by Visa and Mastercard. PIRG backs the merchants because non-negotiable swipe fees force all consumers, including cash customers, to pay more at the store and more at the pump.

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Pittsburgh Post-Gazette: New Fees in the Cards from Credit Companies

Despite some new fees, cardholders are much better off then they were before protections ushered in by the card act, said Ed Mierzwinski, consumer program director for the U.S. Public Interest Research Group in Washington, D.C.

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News Release | U.S. PIRG | Financial Reform

U.S. PIRG Commends President for Renomination of Richard Cordray to Head CFPB

The CFPB is the nation's first financial regulator with only one job — to protect consumers in the marketplace. The Senate should reject demands by opponents of consumer protection to condition Cordray's approval on the gutting of the agency's authority or on the removal of its independent funding.

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News Release | U.S. PIRG | Democracy

U.S. PIRG and Allies Mark Citizens United Anniversary, MLK Day With Dozens of Actions Across the Nation, New Data on Election Spending

This week U.S. PIRG joined with ally organizations to mark Martin Luther King, Jr. Day and the third anniversary of Citizens United v. FEC with events drawing attention to the dual threats of voter suppression and unlimited corporate and special interest money in politics. Under the banner of Money Out/Voters In, organizers are hosting “Day of Action” events in more than 76 cities in 33 states on and around the weekend of January 19.

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

"Billion-Dollar Democracy" The Unprecedented Impact of Big Money in 2012 Elections

It took just 32 billionaires and corporations giving Super PACs an average of $9.9 million apiece to match every single dollar given by small donors to Romney and Obama in the 2012 election cycle, according to “Billion-Dollar Democracy,” a new report by U.S. PIRG and Demos. Those small donations amounted to over $313 million from more than 3.7 million individuals.

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News Release | US PIRG Education Fund | Democracy

“Elections Confidential” Report Reveals Role of Dark Money Groups and Shell Corporations in 2012

Mystery donors poured hundreds of millions of dollars into the 2012 elections via dark money non-profit groups and shell corporations, despite widespread public support for disclosure and decades of legal precedent supporting the public’s right to know the sources of election-related spending. A new report from the U.S. PIRG Education Fund and the Center for Media and Democracy found that contributions from phony for-profit corporations accounted for nearly 17 percent of all business donations to Super PACs.

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