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

Aggressive New Stance by Justice Department on BP Spill Offers Little-Known Benefit for Taxpayers

Statement of Ryan Pierannunzi, U.S. Public Interest Research Group Tax and Budget Associate, on the Department of Justice's August 31 court filing that charges BP with gross negligence for its role in the Deepwater Horizon disaster, which may impact the tax-deductibility of a future settlement and protect the public from having to pick up the tab.

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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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News Release | Florida PIRG Education Fund | Democracy

Florida Victory For Young People

Civic groups and Florida voters won a huge victory when a federal judge indicated he will permanently remove some of the most restrictive parts of Florida’s new voter registration laws, which have made it harder for student governments and civic groups to help register young people to vote. 

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Blog Post | Financial Reform

SEC mostly ignores us, proposal weakens investor protections | Ed Mierzwinski

Yesterday, the Securities and Exchange Commission (SEC) issued a proposed rule implementing the controversial JOBS Act that fails to protect small investors from a likely onslaught of sales pitches online and on the phone -- including from private equity and hedge funds. Positively, it's only a proposed rule, at least nominally subject to amendment, not an interim final rule.

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News Release | U.S. PIRG Education Fund | Health Care

New Rules on Insurance Premium Hikes Will Protect Consumers

A statement by U.S. PIRG Health Care Advocate Larry McNeely on regulations released yesterday by the U.S. Department of Health and Human Services regarding the review of unreasonable health insurance premium rate increases.

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News Release | U.S. PIRG | Public Health

Consumer, Health, and Safety Groups Urge Congress to Reject Bill that Weakens the Consumer Product Safety Improvement Act (CPSIA)

A coalition of consumer, health, and safety groups today called on Congress to reject a bill that would weaken the Consumer Product Safety Improvement Act (CPSIA), a vital law that keeps unsafe toys and products off the shelves.

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News Release | U.S. PIRG | Financial Reform

Congress Should Reject Attempts to Put "Knife in the Ribs" of CFPB

U.S. PIRG and other members of Americans for Financial Reform are urging the House of Representatives to reject three proposed bills designed to defang and delay the new Consumer Financial Protection Bureau (CFPB).

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News Release | U.S. PIRG | Health Care

House Bill Would Drive Up Health Costs, Restrict Consumers' Choices

H.R. 1213 would hurt consumers by zeroing out the start-up funds needed to get new competitive state health insurance marketplaces off the ground. Delaying the establishment of these exchanges will mean years more of the status quo – a stagnant marketplace with little competition, fewer choices and unchecked premium growth.

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News Release | U.S. PIRG | Tax

Washington, D.C.: Off-Shore Tax Havens Cost U.S. Taxpayers $434 a Year

Major corporations and some individuals avoid as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries.

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