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Blog Post | Consumer Protection

Consumers Count: Five years of the CFPB standing up for consumers | Kathryn Lee

This week, the Consumer Financial Protection Bureau turns five years old! As part of our efforts to tell more people about the CFPB, we're cross-posting this video blog and comments written by Zixta Q. Martinez of the CFPB (check out the infographic at the end, too!).

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Letter: Protecting the FTC from Special Interest Attacks

While much of our work has been in defense of the Consumer Financial Protection Bureau (CFPB), we also support the efforts of the over-100 year old Federal Trade Commission.

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Blog Post | Consumer Protection

Delayed CFPB/Other Wall Street Reform Rollbacks Happening Today On House Floor | Ed Mierzwinski

Last month the House canceled floor consideration of the Financial Services and General Government Appropriations bill. FSGG is back on the floor today and tomorrow. We urge support of amendments to protect the Consumer Financial Protection Bureau (CFPB) but, since they won't pass, we urge a no vote on the bill. Here's an updated excerpt from my previous blog.

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Blog Post | Consumer Protection

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

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).

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Blog Post | Consumer Protection

House Launches Frenzy of Attacks on CFPB, Public Protections | Ed Mierzwinski

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.

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News Release | PennPIRG | Transportation

Latest House Transportation Bill is a Step Backwards

PHILADELPHIA, Feb. 1 – “America needs serious transportation reform. While the recent Senate transportation bill failed to move the ball forward on needed transportation reform, today’s House bill takes big strides in the wrong direction. And by funding future spending with revenue from increased oil drilling that won’t materialize for several years, it is clear that the House bill is just a political stunt.

 

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News Release | PennPIRG Education Fund | Safe Energy

Nuclear Power Threatens PA Drinking Water

Philadelphia, PA – The drinking water for 6.7 million people in Pennsylvania could be at risk of radioactive contamination from a leak or accident at a local nuclear power plant, says a new study released today by the Pennsylvania Public Interest Research Group (PennPIRG) Education Fund.

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News Release | PennPIRG Education Fund | Tax

Tax Havens Used by Romney Cost Taxpayers Billions

With the heightened attention paid to Mitt Romney’s use of offshore tax havens, it is important to remember that tax havens are more than just an electoral issue. Tax havens are a serious policy matter that profoundly affects ordinary Americans, our economy, our national debt and our long-term competitiveness.

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News Release | PennPIRG Education Fund | Democracy, Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress Than They Did in Federal Income Taxes, PennPIRG Study Shows

PHILADELPHIA, Jan. 18 – With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case, which opened the floodgates to corporate spending on elections, PennPIRG and Citizens for Tax Justice reveal 30 corporations that spent more to lobby Congress than they did in taxes.

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Media Hit | Tax

Inquirer: Here's a tax holiday that we don't need

An army of lobbyists on Capitol Hill is trying to convince Congress that after stashing nearly $1.4 trillion offshore to avoid paying U.S. taxes, corporations should get a massive tax discount for bringing the money back to America.

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Blog Post | Transportation

Testimony on Potential Lease of the PA Turnpike

Many of the concerns raised about leasing Pennsylvania highways in general, and the Turnpike in particular, revolve around costs in a monetary sense, especially raising tolls. But there are many less visible costs whose impact will be far greater than toll increases under the proposed contract. These costs need to be brought into the discussion.

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