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News Release | U.S. PIRG | Public Health

New Report Series, “American Lives at Risk”

A new report by Demos and U.S. PIRG (Public Interest Research Group) finds that Americans’ lives, health and livelihoods would be put at risk if so called “regulatory reform” proposals now being considered by the U.S. Congress were to become law.

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Blog Post | Financial Reform

Corporate crime update: Phone companies stop cramming, but banks still run amok | Ed Mierzwinski

The industry trade paper American Banker is reporting  that "Bank of America Sold Card Debts to Collectors Despite Faulty Records" in 2009 and 2010. Good to know. It confirms previous consumer group studies that had documented that big banks were forcing consumers to arbitrate and pay "debts" that may not have been owed (some were due to identity theft or sloppy records). However, in the latest fallout from a U.S. Senate Commerce committee investigation of unauthorized third-party billing on phone bills (cramming), Chairman Jay Rockefeller has announced that ATT has joined other big telcos in finally promising to drop the tawdry practice of "cramming," which is a technical term meaning "making big bucks by allowing fly-by-night firms selling useless junky products consumers don't want and didn't buy to use phone bills as cash registers."

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Blog Post | Consumer Protection

Consumer Bureau Compared to Peace Corps | Ed Mierzwinski

Today, in his column "Government's Not Dead Yet," Joe Nocera of the New York Times pays a visit to the PIRG-backed Consumer Financial Protection Bureau, where he finds vision, idealism and people working to show that "government can make a difference in people’s lives."

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Blog Post | Financial Reform

FTC releases major report recommending privacy reforms | Ed Mierzwinski

The U.S. Federal Trade Commission (FTC) today released a major report on consumer privacy. From FTC -- "In the report, “Protecting Consumer Privacy in an Era of Rapid Change: A Proposed Framework for Businesses and Policymakers,” the FTC also recommends that Congress consider enacting general privacy legislation, data security and breach notification legislation, and data broker legislation."

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News Release | U.S. PIRG | Financial Reform

Senate Rolls Back Investor Protections

Statement of Edmund Mierzwinski, U.S. PIRG Consumer Program Director on Senate Passage of the JOBS Act (Excerpt) "Today, the Senate joined the House in passing the so-called JOBS Act, legislation that will roll back investor protections, leaving senior citizens and other small investors at the mercy of the next Enron collapse, the next Gordon Gecko and the next-generation boiler room operators using social media to pitch toxic investments."

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