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Blog Post | Consumer Protection

As CFPB Escalates Drive Toward Protections, Study Finds CFPB Enforcement Works | Ed Mierzwinski

This month the CFPB issued its proposed rule prohibiting class action bans in small-print mandatory arbitration clauses; in June it is expected to release its high-cost small dollar lending (payday and auto title loan) proposed rule. Meanwhile, as CFPB's industry opponents hide behind astroturf front groups and Congressional opponents use backdoor attacks, a law professor has released a major report finding that "from its inception [in 2011] through 2015 the agency had a 122-and-0 track record in its publicly announced enforcement actions" and that 93% (over $10.5 billion) of funds recovered for consumers have been for deceptive practices -- "[f]ar from a novel legal theory."

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Blog Post | Public Health

Statement on Toxic Substances Control Act (TSCA) Reform from U.S. Public Interest Research Group | Carli Jensen

We are disappointed with the TSCA bill that was released by the House and Senate leaders and we urge Congress to reject the bill. When it comes to public health protections, the federal government should set a floor, not a ceiling. By unnecessarily preempting states’ efforts to regulate toxic chemicals, this bill does more harm than good.

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Blog Post | Transportation

Why Is Our Infrastructure So Terrible? | Sean Doyle

America is facing a $1.4 trillion infrastructure funding crisis. This isn't some distant problem; it's already having a real effect on everyday Americans.

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Blog Post | Transportation

Good Things Come to Those On Bikes | Sean Doyle

Pull the bike out of the closet, pump up those tires, and dust off the helmet because it's Bike to Work Week!

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

In ID, KY, OR, Big Money Continues to Win Congressional Primaries

83% higher fundraising candidates win congressional primaries in 2016 elections

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News Release | US PIRG | Tax

S&P Settlement Could Leave Taxpayers Partly Underwater Again

Standard & Poor’s (S&P), the bond-rating agency whose past practices have been tied to the mortgage crisis, is in negotiations with the U.S. Justice Department to settle allegations of civil fraud with a payout of over $1 billion. Unless the Justice Department specifically forbids it, the deal could allow S&P to claim the payment as a deductible business expense worth more than $350 million.

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News Release | U.S. PIRG | Consumer Protection

House Passes Two Bills Favored By Wall Street, Harmful to the Public

Statement of Consumer Program Director Ed Mierzwinski: "This week, the U.S. House of Representatives passed two awful bills on behalf of Wall Street and the U.S. Chamber of Commerce. One bill weakens important 2010 financial system reforms designed to prevent another financial system collapse like the one in 2008 that occurred due to Wall Street malfeasance. The second imposes massive roadblocks in front of any agency, from EPA and FDA to the financial regulators, seeking to protect the public's health, safety or wallets. We will seek to block these bills in the Senate and at the White House."

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

USPIRG LAUDS CFPB SAFE STUDENT BANKING INITIATIVE

WASHINGTON, DC --   Today the Consumer Financial Protection Bureau launched an initiative to protect students from the high banking fees and aggressive marketing surrounding campus bank accounts.

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News Release | U.S. PIRG | Democracy

Study Shows Big Donors Dominated Competitive 2014 Congressional Races

U.S. PIRG today released a new study, “The Money Chase: Moving from Big Money Dominance in the 2014 Midterms to a Small Donor Democracy,” at a joint research summit with seven other major money in politics organizations. The study, which was written by U.S. PIRG and Demos, found that the top two vote-getters in the 25 most competitive districts in 2014 got 86 percent of their campaign contributions from individuals giving $200 or more. Only two of the 50 candidates surveyed raised less than 70 percent of their individual contributions from big donors, and seven relied on big donors for more than 95 percent of their individual contributions. 

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News Release | U.S. PIRG Education Fund | Transportation

Federal Highway Administration Quietly Acknowledges the Driving Boom is Over

The Federal Highway Administration (FHWA) has very quietly acknowledged that the Driving Boom is over, which will help avoid wasting billions of dollars for unnecessary highway expansion.

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Blog Post | Consumer Protection

Fed Doubles Down On Bet To Raise Swipe Fees | Ed Mierzwinski

Yesterday, the Federal Reserve Board told a U.S. judge it would appeal his decision that the Fed's 2012 rule raising the swipe fees merchants pay to accept debit cards blatantly ignored Congressional intent to lower them. The Fed's rule harms small businesses, who pay the highest swipe fees in the world, as well as their customers, who pay more at the store and more at the pump, even if they pay with cash. But it helps the Fed's big bank patrons.

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Blog Post | Democracy

In the Aftermath of VRA Ruling, a Wave of Voter Suppression Laws

It has been barely a month since the Supreme Court issued its controversial Voting Rights Act (VRA) ruling — yet already, in states across the country, laws are being implemented and proposed that are designed to severely limit voting access, and that will ultimately harm American democracy.

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Blog Post | Public Health

Celebrating the mandatory toy safety standard—An important provision of the Consumer Product Safety Improvement Act

These days, we can mostly expect that toys sold on store shelves are tested to meet adequately strict safety standards — but that hasn’t always been the case. In 2007, toys with beloved childhood icons like Thomas the Tank Engine and Elmo were recalled because they contained excessive levels of lead. Another toy, when swallowed, created a toxic drug; yet another posed serious hazards due to strong magnets that could tear a child’s stomach lining if two or more pieces were swallowed.

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Blog Post | Democracy

New Wisconsin Bill Would Let the People Decide On Citizens United

Two state legislators have introduced legislation that, when passed, will bring a question to the 2014 ballot on overturning Citizens United and eliminating big money in elections.

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Blog Post | Consumer Protection

Weird Big Bank Trick Raises Price of Beer and Soda | Ed Mierzwinski

UPDATED: August 8. Many of Enron's schemes involved sham transactions with itself that the SEC alleged had "no economic substance."  Taking a page from Enron's book, mega-bank Goldman Sachs is now moving tons of aluminum around and around its Detroit warehouses in similar transactions without apparent economic substance except to increase Goldman profits while raising costs of beer, soda and other goods relying on aluminum, delaying deliveries and disrupting aluminum markets. At a Senate hearing on the practice, Senator Elizabeth Warren (MA) said: "This movie will not end well."

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DEFEND THE CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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