Blog Posts

We testify on data breaches again

By | Ed Mierzwinski
Consumer Program Director

Today, I testify in the House Financial Services Committee in the latest hearing on the Target data breach. As I did in the Senate last month, I will try to shift the debate from the supposed need for a "uniform national data breach notification standard" to more important issues, such as improving consumer rights when they use unsafe debit cards to ensuring that standards for payment card and card network security are set in an open, fair way that holds banks and card networks accountable for forcing merchants and consumers to rely on inherently unsafe, obsolete magnetic stripe cards.

While CFPB Takes Action To Aid Consumers, U.S. House Acts Against CFPB

By | Ed Mierzwinski
Consumer Program Director

Yesterday, the CFPB sued ITT, a for-profit school, for a variety of alleged violations, including pressuring students into high-cost predatory loans with little promise of a future job. This morning, I join CFPB leaders for a panel on how it can help fix the credit reporting system. Yet, this afternoon, the House will probably vote to hobble the CFPB in several ways. Go figure.

Trade negotiations need more public input

By | Ed Mierzwinski
Consumer Program Director

This week, the President has sent U.S. Trade Representative Michael Froman out to convince the public that trade deals are good for everyone, not only special interests. In my role as U.S. chair of the TransAtlantic Consumer Dialogue, I respond to his latest proposal for a "Public Interest Advisory Committee."

Senators Support Improving Debit Card Fraud Rights

By | Ed Mierzwinski
Consumer Program Director

At a hearing Monday on Target and other data breaches, Senators endorsed our longtime platform that all plastic -- debit or credit -- should have the same consumer protections. Right now, Debit card users have "zero liability" promises from their banks, but credit card users have strong protections by law.

Target says "Oops, 70-110 million consumers hacked."

By | Ed Mierzwinski
Consumer Program Director

Target is now saying that "a range of 70 million to 110 million people," not the original 40 million customers, had their credit or debit card numbers hacked in December. Even worse, Target is admitting that the database stolen included email addresses and phone numbers, which leaves consumers vulnerable to phishing attacks that could lead to identity theft, as if fraud on existing accounts wasn't enough. Here are some tips.

new CFPB mortgage rules and tools available

By | Ed Mierzwinski
Consumer Program Director

CFPB Director Rich Cordray appears on The Daily Show tonight Wednesday to talk about CFPB's new mortgage lending and servicing rules that take effect Friday, 10 January. Read on to find out more about the rules and also about the many self-help tools the CFPB has created to help homebuyers and homeowners protect themselves.

Retailers appeal swipe fee settlement with Visa/Mastercard

By | Ed Mierzwinski
Consumer Program Director

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.

CFPB Gets Results for Consumers In December

By | Ed Mierzwinski
Consumer Program Director

It's been a good month for consumers and a bad month for corporate crime, as the CFPB continued to hold financial firms accountable for unfair marketplace practices. Let's hope that in the New Year, banks and other financial companies get the message that cheating their customers is a bad business model.

CFPB getting results for consumers this week

By | Ed Mierzwinski
Consumer Program Director

Last week, a senior bank industry lawyer said he was "amazed" at the amount of work the CFPB had accomplished "in such a short amount of time." This week, the CFPB stepped up its game another notch, when it returned $34 million to consumers who'd been deceived by a medical debt credit card pitched by their doctors and dentists and their receptionists and also took a big step toward ending forced arbitration in consumer contracts. Had any victims of the medical credit card wanted to go to court because they'd been ripped off, they couldn't, since the small print on that card, like the small print on most others, would send them instead to arbitration, no better than a kangaroo court.

Shopping? We've got your back, online and in the store.

By | Ed Mierzwinski
Consumer Program Director

Whether you're shopping for toys or anything else this holiday season, the state PIRGs have new resources to help you make better, safer choices. We also have tips to protect your privacy and your wallet from online scams and rip-offs.

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