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Media Hit | Budget, Tax

Washington Post: Government doing more to prevent corporations from deducting settlements

Federal agencies are taking greater steps to prevent companies from claiming tax deductions on settlements reached with the government, though loopholes in the tax code persist, according to a new study by U.S. Public Interest Research Group.

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News Release | U.S. PIRG | Tax

Does UBS Settlement Include $245 Million “Hidden Bank Fee” for Taxpayers?

The following is a statement of Ryan Pierannunzi, Tax and Budget Associate with U.S. PIRG, on the settlement announced today  between UBS and government regulators over the Libor scandal in which UBS and other financial institutions are accused of unlawfully tampering with interest rates. Along with agreeing to this settlement, UBS admitted to charges of fraud. The total settlement amount is $1.5 billion, of which $1.2 billion will be paid to U.S. agencies.

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News Release | U.S. PIRG | Tax

UBS Libor Scandal: Should Taxpayers Have to Pay for Bank Wrongdoing?

The following is a statement of Ryan Pierannunzi, Tax and Budget Associate with U.S. PIRG, on the anticipated upcoming settlement between UBS and government regulators over the Libor scandal in which UBS and other financial institutions are accused of unlawfully tampering with interest rates.

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Blog Post | Consumer Protection

FTC seeks information from data brokers | Ed Mierzwinski

Today, the Federal Trade Commission (FTC) issued nine administrative orders seeking information to analyze the "Data Broker Industry’s Collection and Use of Consumer Data." The questions being asked track closely the questions posed both in a forthcoming U.S. PIRG/Center for Digital Democracy law review article and in similar information requests from the Bi-Partisan Congressional Privacy Caucus.

 

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

U.S. PIRG Calls on Candidates to Denounce Super PACs

The current coordination rules are an insult to American democracy, yet candidates continue to test their luck in weakening them further. If the presidential contenders, all of whom have sympathetic Super PACs, are serious about their objections, then they should publicly denounce their affiliated independent expenditure committees.

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News Release | U.S. PIRG | Higher Ed

143,000 Students to Lose Their Pell Grant Next Year

On Friday, Congress passed the FY2012 appropriations bill, changing eligibility requirements for Pell grants eliminating about 143,000 Pell Grant recipients from the program next year.

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Media Hit | Public Health

Fox News: The Most Dangerous Toys of 2011

Each fall, public safety experts from U.S. Public Interest Research Group (PIRG), the federation of state public interest research groups, browses toy stores across the country looking for potentially dangerous toys. Despite the stringent regulations imposed on toy manufacturers in the United States, these experts never fail to find a handful of items on store shelves that appear innocuous, but actually pose toxic, choking, strangulation or excessive noise hazards to children.

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The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Obama administration to put an end to the worst practices.

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