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News Release | U.S. PIRG | Tax

BP Could Take $6.3 Billion Tax Deduction For Gross Negligence In Deepwater Horizon Spill

BP could claim a $6.3 billion tax windfall from settling charges of its gross negligence in the Deepwater Horizon disaster unless the EPA prevents it

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News Release | U.S. PIRG | Tax

Last week’s other big bank settlement also shifts burden to taxpayers

Goldman Sachs will be able to take a $420 million tax write off on the bank's FHFA settlement for its mortgage misdeeds. A similar settlement paid in 2010 to the SEC specifically prohibited such tax deductions.

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Blog Post | Consumer Protection

We oppose merger between giants Comcast & Time Warner Cable | Ed Mierzwinski

Along with a number of state PIRGs, we have joined the Consumer Federation of America in a petition to deny the merger of cable/Internet giants Comcast & Time Warner Cable. The petition argues that the FCC must deny the merger, which would perpetuate unrestrained cable price increases, allow terrible service to deteriorate further and stifle innovation.

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News Release | U.S. PIRG | Tax

Bank of America settlement loophole creates at least $4 billion burden for taxpayers

 The Justice Department allows Bank of America to write off most of its legal settlement for mortgage abuses as a tax deduction, shifting at least $4 billion back onto taxpayers.

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Media Hit | Tax

Bank of America’s $16 Billion Mortgage Settlement Less Painful Than It Looks

“The American public is expecting the Justice Department to hold the banks accountable for its misdeeds in the mortgage meltdown,” said Phineas Baxandall, an analyst with the U.S. Public Interest Research Group, a consumer advocacy organization. “But these tax write-offs shift the burden back onto taxpayers and send the wrong message by treating parts of the settlement as an ordinary business expense.”

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News Release | U.S. PIRG | Public Health

Cantaloupe Salmonella Outbreak Highlights Need for Strong Food Safety Programs

The Food Safety Modernization Act, signed into law by President Obama in January 2011, requires the U.S. Food and Drug Administration to establish new food safety rules, including new standards for growing fruits and vegetables. Those rules were originally intended to come out at the beginning of 2012, but eight months later we are still waiting for these rules to be released.

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New York Times: Secret E-Scores Chart Consumers’ Buying Power

Ed Mierzwinski, consumer program director at the United States Public Interest Research Group in Washington, worries that federal laws haven’t kept pace with change in the digital age. “There’s a nontransparent, opaque scoring system that collects information about you to generate a score — and what your score is results in the offers you get on the Internet,” he says. “In most cases, you don’t know who is collecting the information, you don’t know what predictions they have made about you, or the potential for being denied choice or paying too much.”

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News Release | U.S. PIRG | Higher Ed

CFPB Issues Consumer Advisory on Campus Debit Cards, Asks for Stories

Washington, D.C. – The Consumer Financial Protection Bureau today issued a consumer advisory on its blog providing tips for students expecting scholarships and loans onto “what appears to be – a school-endorsed debit card.” The blog post comes just a day after the FDIC, a bank regulator, fined the largest campus debit card provider, Higher One, for unfair and unsafe practices.  The bureau is also asking consumers to share their experiences and provides a tool to submit complaints. 

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News Release | U.S. PIRG | Higher Ed

FDIC Orders Higher One to Repay Students $11 million in Campus Debit Card Settlement 

Washington, D.C. – The Federal Deposit Insurance Corporation (FDIC) today announced an $11 million civil penalty and restitution settlement with the largest campus financial aid disbursement and debit card company Higher One and its bank affiliate for alleged “unfair” and “unsafe” practices involving overdraft fees imposed on college students. 

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Priority Action

We're teaming up with big restaurant chains to stop the overuse of antibiotics on factory farms. Call on KFC to stop selling meat raised on routine antibiotics.

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