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Blog Post | Public Health, Food

Noodles and Co. Leads to Save Antibiotics | Anya Vanecek

This expansion into meatballs, bacon, beef, and all chicken sends a powerful message: Raising livestock and poultry without routine antibiotics is both smart and possible.

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News Release | U.S. PIRG | Consumer Protection

PIRGs, Others Ask CFPB & FTC To Investigate Experian/T-Mobile Data Breach

In a letter sent today, a number of state PIRGs and other leading privacy and consumer groups urged the CFPB and FTC to fully investigate the recent breach of an Experian subsidary that exposed 15 million T-Mobile customer and applicant records to the threat of new account identity theft. The letter asked whether the regulators could require Experian and the other two nationwide credit bureaus -- TransUnion and Equifax -- to give victims free security freezes to protect their credit reports.

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Blog Post | Consumer Protection

As CFPB Advances Consumer Protection, Attacks on CFPB Escalate | Ed Mierzwinski

This week, the CFPB took a major step toward establishing a regulation restricting the use of forced arbitration clauses in consumer financial contracts, which give companies what the CFPB's director said was a "free pass from being held accountable by their customers." Meanwhile, on Capitol Hill, powerful bank interests escalated their campaign to defund and defang the bureau, because it works for consumers, not them.

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News Release | US PIRG Education Fund and Citizens for Tax Justice | Tax

STUDY: 72% OF FORTUNE 500 COMPANIES USED TAX HAVENS IN 2014

Nearly three-quarters of Fortune 500 companies booked profits to tax havens in 2014, with just 30 companies accounting for 62 percent of earnings stashed offshore, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking $2.1 trillion offshore for tax purposes.

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News Release | US PIRG | Tax

Deepwater Horizon Settlement Comes with $5.35 Billion Tax Windfall

Today’s announcement by the U.S. Department of Justice of a proposed $20.8 billion out-of-court settlement with BP to resolve charges related to the Gulf Oil spill allows the corporation to write off $15.3 billion of the total payment as an ordinary cost of doing business tax deduction. The majority of the settlement is comprised of tax deductible natural resource damages payments, restoration, and reimbursement to government, with just $5.5 billion explicitly labeled a non-tax-deductible Clean Water Act penalty. This proposed settlement would allow BP to claim an estimated $5.35 billion as a tax windfall, significantly decreasing the public value of the agreement, and nearly offsetting the cost of the non-deductible penalty.

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

Obama Plan to Close Corporate Loopholes, Invest in Infrastructure Promising, but Lacks Critical Details

In his State of the Union Address tonight, President Obama called for closing corporate tax loopholes and investing in infrastructure. His plan is promising, but lacks critical details.

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News Release | U.S. PIRG | Democracy

President Obama Highlights Importance of Strengthening American Democracy in 2014

In tonight’s State of the Union address, President Obama discussed the importance of strengthening American democracy both by amplifying the voices of ordinary citizens and by improving voter systems to increase participation.

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News Release | U.S. PIRG Education Fund and the Student PIRGs | Higher Ed

SURVEY SHOWS STUDENTS OPTING OUT OF BUYING HIGH-COST TEXTBOOKS

Today, a survey released by the U.S. PIRG Education Fund shows that 65% of student consumers have opted out of buying a college textbook due to its high price, and of those students, 94% say they suffer academically.

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News Release | U.S. PIRG | Democracy

U.S. PIRG and Allies Mark Citizens United Anniversary with Renewed Call for Constitutional Amendment

On the eve of the fourth anniversary of the Supreme Court’s ruling in Citizens United v. FEC, eight pro-democracy groups are speaking out about the need to amend the Constitution to overturn that decision and protect the integrity of our political system.

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Media Hit | Tax

Elizabeth Warren's New Bill Could Save Taxpayers Billions

Last week, Sen. Elizabeth Warren (D-Mass.) introduced a bill with Sen. Tom Coburn (R-Okla.) that aims to make government settlements with corporations more transparent and fair. It could end up saving taxpayers billions of dollars.

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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.

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Blog Post | Financial Reform

CFPB hearing today in House, expect more attacks | Ed Mierzwinski

As Richard Cordray, director of the Consumer Financial Protection Bureau, prepares to testify this morning in the House, committee leaders have released statements showing they're not so much interested in oversight. They;ve already made up their minds that an agency with only one job, protecting consumers, is a bad idea.

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Blog Post | Financial Reform

It happened 4 years ago this weekend, and Congress has already forgotten | Ed Mierzwinski

Four years ago, on September 14-15, 2008, the Lehman Brothers investment bank declared bankruptcy while Bank of America acquired another foundering investment bank, Merrill Lynch -- major events that froze the financial markets and led in a few days to a $700 billion bailout of the financial system. Just four years later, some in the Congress have forgotten that real people and the economy are still suffering from the financial collapse, as it steps up Wall Street-backed efforts to prevent regulators from protecting the public.

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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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Priority Action

We're teaming up with big restaurant chains to stop the overuse of antibiotics on factory farms. Call on KFC to stop selling meat raised on routine antibiotics.

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