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Court Rejects PIRG-Opposed Swipe Fee Settlement With Visa/Mastercard

By | Ed Mierzwinski
Consumer Program Director

Today, a panel of the U.S. Court of Appeals for the Second Circuit threw out a preliminary $7.25 billion settlement between Visa and Mastercard and any merchant accepting credit cards (including U.S. PIRG), ruling that despite that seemingly massive payment for past practices that the settlement gave inadequate relief to merchants going forward, as it essentially immunized the networks for any future illegal conduct while providing mostly illusory benefits. Since we accept credit cards from our members, we, joined by Consumer Reports, had formally objected to the settlement as consumer advocates who also happen to be merchant class members (most merchant associations also objected).

Yesterday, President Obama signed into law H.R. 2576, the Frank R. Lautenberg Chemical Safety for the 21st Century Act. This bill, to update the 1976 Toxic Substances Control Act (TSCA), passed the House and Senate earlier this year.

U.S. PIRG is disappointed with this law. It is one step forward, and two steps back for public health. 

House Launches Frenzy of Attacks on CFPB, Public Protections

By | Ed Mierzwinski
Consumer Program Director

Today and tomorrow the House floor showcases a variety of special-interest backed bills designed to eliminate public protections and weaken financial reform. Action starts soon with an attempt to override the President's veto of legislation to wipe away a new Department of Labor rule designed to protect hard-earned retirement savings from Wall Streeters seeking their "share" of your own share. Then, the House will consider the massive FSGG Appropriations bill, which rolls back the independence and authority of the CFPB and other financial reforms. Finally, they've teed up a bill to eliminate the Supreme Court's long-standing "Chevron doctrine," which says that courts must defer to expert agencies in certain circumstances. Without the doctrine in place, polluters and wrongdoers will have more opportunities to challenge public protections.

As the election cycle heats up, barriers to the polls are becoming a serious problem to more and more voters across the country. Whether it’s waiting five hours in line just to cast a vote or delaying local elections due to gerrymandering, voters have been prevented from taking part in our democracy this primary season. Here are the five worst election disasters of 2016. 

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