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Blog Post | Consumer Protection

On Veterans Day, How The CFPB Helps Veterans, and All of Us | Ed Mierzwinski

Columnist George Will recently (and not for the first time) urged Congress to “abolish the Consumer Financial Protection Bureau.” His reasons may seem to come from his conservative philosophy, but merely pander to the powerful Wall Street interests that left our economy in ruins just a few years ago. As a counterbalance, let’s discuss some recent speeches and statements by CFPB Director Richard Cordray on his vision for the bureau and some of its current work, including – on this Veteran’s Day – its efforts to protect military families from financial predators.

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News Release | U.S. PIRG | Tax

US regulators to strike forex settlement, but will they strike out tax deductions from the deal?

Federal agencies are preparing to settle with several big banks to resolve charges that they manipulated foreign currency exchange rates. Will those banks be allowed to write off the settlement payments as a tax deduction? If so, much of the costs of the payment will be shifted back onto taxpayers.

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News Release | U.S. PIRG | Tax

Statement from U.S. PIRG about agency attempts to toughen up bank settlements

Statement regarding indications some federal agencies may reopen old banking settlements, as reported in yesterday’s New York Times. The SEC is similarly reportedly delaying the final execution of August’s announced $16.65 billion settlement with Bank of America while deliberating about issuing waivers that would soften regulatory repercussions of the deal.

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Media Hit | Tax

Too Big to Tax: Settlements Are Tax Write-Offs for Banks

“When people hear that this stuff is deductible, it just feels like adding insult to injury,” says Phineas Baxandall, a senior policy analyst and tax specialist at U.S. PIRG, a left-leaning consumer protection research group that has written reports on the tax deductions. “And when it’s not transparent, it’s shady.”

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Blog Post | Budget, Tax

It's Not Over Yet | Jaimie Woo

There are 12 days left before the 2014 election, and campaign efforts have hardly let up. Last-minute donations are flooding in, canvassers are knocking on doors, and organizations are registering young people to vote.

But after November 4, Congress will reconvene, and their work will be far from over.

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News Release | U.S. PIRG | Budget

Ryan Budget a Windfall for Special Interests, Devastating to Public Priorities

While U.S. PIRG recognizes the need to address the nation’s deficit, Chairman Paul Ryan’s budget plan proposes a windfall for corporate tax dodgers, Wall Street banks, health insurance companies, and the oil industry while slapping the public with harmful cuts to public priorities like Pell Grants and public transportation.

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News Release | U.S. PIRG | Higher Ed

Ryan Budget Devastating to Pell, Windfall for Special Interests

Chairman Ryan's proposal recommends slashing Pell Grants which help more than 9 million students pay for college at a time of rising college costs, tight family finances and a job market that increasingly requires post-secondary education.

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News Release | U.S. PIRG | Budget

Report Card Ranks 50 States on Transparency of Spending

In Following the Money 2012: How the States Rank on Providing Online Access to Government Spending Data, researchers at the United States Public Interest Research Group (U.S. PIRG) graded all 50 states on how well they provide online access to information about government spending. States were given “A” to “F” grades based on the characteristics of the online transparency systems they have created to provide information on contracts, subsidies and spending at quasi-public agencies.

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News Release | U.S. PIRG | Higher Ed

Students To Congress: Don’t Double Student Debt Rates

Washington, D.C. – With the student loan interest rate about to double this July for almost 8 million loan borrowers, US PIRG and coalition partners deliver over 130,000 letters to Congress urging a different plan.

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News Release | Budget

WISPIRG Report: Taxpayer Protections at Risk

As the Wisconsin state senate and assembly consider bills removing the requirement for cost benefit analyses for all WISDOT projects over $25,000, a new WISPIRG report finds that numerous government ventures in privatizing or outsourcing public work have ended up being a bad deal for taxpayers and costing more in the long run.

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DEFEND THE CFPB

Tell your representative to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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