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Blog Post | Financial Reform

CFPB Faces A "Death of a Thousand Cuts" Today | Ed Mierzwinski

(UPDATED Again on 6/11) Today, the U.S. House Financial Services Committee considers a package of over a dozen anti-consumer, anti-investor, anti-taxpayer bills. The worst of the 9 bills targeted at the CFPB eliminates its ability to compensate victims of so-called "last-dollar" financial fraudsters.

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News Release | U.S. PIRG Ed Fund & Citizens for Tax Justice | Budget, Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

Tax loopholes encouraged more than 70 percent of Fortune 500 companies to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Report | U.S. PIRG Ed Fund & Citizens for Tax Justice | Budget, Tax

Offshore Shell Games 2014

Tax loopholes encouraged more than 70 percent of Fortune 500 companies to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Blog Post | Financial Reform

On Memorial Day, Thank Servicemembers and Veterans and Thank the CFPB for Protecting Them | Ed Mierzwinski

On this Memorial Day, celebrate servicemembers and veterans. It's important that the CFPB has their backs, since predatory lenders are after their wallets.  As I often say, the idea of the CFPB needs no defense, only more defenders.

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News Release | U.S. PIRG | Financial Reform

New Federal Bills Would Protect Students From High-Cost Campus Bank Accounts

Yesterday, House and Senate lawmakers introduced bills that would protect college students from being needlessly steered into campus bank accounts — accounts that often drive up students’ costs and deplete their financial aid. U.S. PIRG warned that if we the Department of Education can't protect students from high campus debit card fees, then we will "pursue this strong alternative approach put forth from the Hill.”

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News Release | U.S. PIRG Education Fund | Financial Reform

New Report Highlights Reasons for New Consumer Protections

The report outlines predatory financial practices that hurt consumers and led to the collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values.

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News Release | U.S. PIRG | Democracy

U.S.PIRG Hails DOJ Rejection of Anti-Democratic S.C. Voter ID Laws

The Department of Justice issued a letter objecting to South Carolina’s new voter ID law (section 5 of Act R54) on the grounds that non-white voters are 20% more likely to be disenfranchised by the act. We applaud the Department of Justice for taking an aggressive stance against this anti-democratic piece of legislation.

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News Release | U.S. PIRG Education Fund | Democracy

U.S. PIRG Calls on Candidates to Denounce Super PACs

The current coordination rules are an insult to American democracy, yet candidates continue to test their luck in weakening them further. If the presidential contenders, all of whom have sympathetic Super PACs, are serious about their objections, then they should publicly denounce their affiliated independent expenditure committees.

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News Release | U.S. PIRG | Higher Ed

143,000 Students to Lose Their Pell Grant Next Year

On Friday, Congress passed the FY2012 appropriations bill, changing eligibility requirements for Pell grants eliminating about 143,000 Pell Grant recipients from the program next year.

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Media Hit | Public Health

Fox News: The Most Dangerous Toys of 2011

Each fall, public safety experts from U.S. Public Interest Research Group (PIRG), the federation of state public interest research groups, browses toy stores across the country looking for potentially dangerous toys. Despite the stringent regulations imposed on toy manufacturers in the United States, these experts never fail to find a handful of items on store shelves that appear innocuous, but actually pose toxic, choking, strangulation or excessive noise hazards to children.

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