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Corporate tax avoidance leaves taxpaying households to pick up the tab for funding highways, schools, and other public structures. Much of the indirect costs of aggressive tax avoidance are also borne by investors who are unaware of these risky schemes. And everybody suffers when corporate profitability is determined by opportunities for tax evasion rather than efficiency or innovation. |
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Conflicts of interest and lack of independent funding have doomed both the national and state level accounting oversight systems in the United States. |
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One in four credit reports contains errors serious enough to cause consumers to be denied credit, a loan, an apartment or home loan or even a job. |
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Deceptive credit card offers and practices are sinking more and more consumers into high-cost credit card debt. |
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Payday lenders commonly charge consumers a 521 percent annual interest rate in Lane County, and one in four lenders surveyed may not be complying with the Oregon rule to post the annual percentage rate where customers can easily read it. |
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Almost all banks (93 percent) now impose ATM surcharges on non-customers, a dramatic increase from our 1998 survey. |
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States and localities across the country are fighting to ban ATM surcharges. |
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The cost of using an ATM not belonging to your bank has nearly tripled since surcharging began in 1996. |
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More than half of consumers who called their credit card company to complain about their high annual interest rates were successful in reducing those rates by an average of one-third. |
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Several powerful industry associations opposed a proposal to re-regulate the energy derivatives transactions that played such a key role in Enron's implosion. |
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More than one in four credit reports contains errors serious enough to cause consumers to be denied credit, a loan, an apartment or home loan or even a job. |
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Larger banks charge more in fees for checking and savings accounts than smaller banks and credit unions. |
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A number of colleges in Maryland continue to allow aggressive credit card marketing to students, including tables offering free gifts for applying for a credit card. |
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Payday lenders charge consumers interest rates of 300% or more and are stepping up lobbying efforts to weaken state laws preventing usury. |
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Payday lenders charge consumers a staggering average interest rate of 521 percent in the City of Portland, and nearly half of the lenders surveyed are not complying with the requirement to post annual percentage rate where customers can easily read it. |
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Payday lenders, thwarted by state regulators and the courts, are expanding their use of partnerships with banks to make loans that violate state usury laws, small loan rate caps, and even payday loan state legislation. |
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Larger banks charge more in fees for checking and savings accounts than smaller banks and credit unions. |
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Increasingly, the relationships between credit
card companies and colleges and universities
are coming under scrutiny. Credit card issuers
work aggressively to get on to campus to
hawk their credit cards using as many methods
as possible. |
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