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Media Hit | Ed's Blog

J.C. Penney, Best Buy Customer Data Collection Stirs Privacy Concerns

WASHINGTON — It's not just the government that might be keeping tabs on you. Many retailers are tracking you, too – or at least your merchandise returns. The companies say it's all in the name of security and fighting fraud. They want to be able to identify chronic returners or gangs of thieves trying to make off with high-end products that are returned later for store credit. [...] "There should be no secret databases. That's a basic rule of privacy practices," says Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group.

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.

News Release | U.S. PIRG | Consumer Protection

Five Safety Breakthroughs in Five Years

On August 14, 2008, the CPSIA was signed into law after a deliberative process and overwhelming bipartisan support in both the U.S. House and Senate. The law includes strong product safety reforms that revitalized the Consumer Product Safety Commission.

An $18 Million Lesson in Handling Credit Report Errors

"Even after sending more than 13 letters to Equifax over the course of two years, Julie Miller could not get the big credit bureau to remove a host of errors that it inserted into her credit report. [...] So she tried suing. That worked. [...] “Big punitive penalties may help force the bureaus to upgrade their 20th-century algorithms and incompetent dispute reinvestigation processes,” said Ed Mierzwinski, consumer program director at the United States Public Interest Research Group. “But C.F.P.B.’s authority to supervise the big credit bureaus is one of the most significant powers Congress gave it.”

News Release | U.S. PIRG | Tax

New Study: 82 of Top 100 Companies Used Tax Havens in 2012

With Congress considering big cuts to public programs, U.S. PIRG released fresh evidence that the vast majority of large companies are dodging taxes by stashing money in offshore tax havens. In a study of the top 100 publicly traded companies, as measured by revenue, the study reveals that 82 maintain subsidiaries in offshore tax havens. Collectively, the companies report holding nearly $1.2 trillion offshore.

Weird Big Bank Trick Raises Price of Beer and Soda

By | Ed Mierzwinski
Consumer Program Director

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."

News Release | U.S. PIRG | Higher Ed

Student Loan Deal Passes Senate 81-18, Will Put Students Deeper in Debt

Despite the threat that higher student debt poses to student borrowers, the Senate has twice beaten back attempts to extend the low 3.4 percent interest rate for student loans. Instead, the Senate negotiated a compromise, which passed today, 81-18.

News Release | U.S. PIRG | Higher Ed

Students Call for Senate to Reject Student Loan Deal

Congress should be doing everything they can to make college more accessible. Yet S. 1334, the Bipartisan Student Loan Certainty Act, would do the exact opposite, by making it harder and more expensive for America's future students to get the education they need.

News Release | U.S. PIRG | Health Care

U.S. PIRG Testifies on “Pay for Delay” Before Senate Subcommittee

Today, Mike Russo, U.S. PIRG's Federal Program Director, testified at a hearing on “Pay-for-Delay Deals: Limiting Competition and Costing Consumers” held by the Senate Judiciary Committee, Subcommittee on Antitrust, Competition and Consumer Rights.

News Release | U.S. PIRG | Higher Ed

Student Loan Interest Rate Deal in Senate Will Make Things Worse

Senate lawmakers agreed last night to a deal on student loan reform that is to be voted on as early as Tuesday of next week. Student loans should invest in our future by making education affordable and accessible. Instead, the Senate is forcing students to pay more in order to reduce the deficit.

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