Updates

News Release | U.S. PIRG | Higher Ed

Interest Rate Doubles for Seven Million Student Loan Borrowers

Due to Congressional inaction, the interest rate on federally subsidized student loans doubled today from 3.4 percent to 6.8 percent. The change will affect seven million students nationwide, and in total the rate increase will hike the cost of students' loans by $7 billion. However, because most new student loans are issued in August and September, Congress can still pass a retroactive fix.  

New book on the fight for the CFPB

By | Ed Mierzwinski
Consumer Program Director

Two academics have published a book chronicling the PIRG-backed fight to establish the Consumer Financial Protection Bureau (CFPB) as a centerpiece of the Wall Street reforms enacted in 2010. Their history of the largely successful efforts of the coalition Americans for Financial Reform and its work alongside Professor Elizabeth Warren has lessons for all advocates seeking to fight city hall or evil empires.

News Release | U.S. PIRG | Health Care

Big Pharma's Pay-for-Delay Deals Take a Hit

Big Pharma's controversial "pay-for-delay" agreements took a hit today. In FTC v. Actavis, the U.S. Supreme Court ruled that the Federal Trade Commission (FTC) case against the payoff keeping generic AndroGel from the market can move ahead in the lower courts. The court chose not to declare all such payoffs unlawful, however, spurring consumer advocates to call on Congress to finish the job. 

News Release | U.S. PIRG | Higher Ed

Interest Rates for 33,833 Student Loan Borrowers in Maine Set to Double on July 1

According to an issue brief released today by U.S. PIRG, the upcoming increase in student loan interest rates would hike the cost of Maine students’ loans by $31 million. That translates into a $910 increase in debt per student, per loan.

Report | U.S. PIRG | Higher Ed

Student Loan Debt in Maine

Without a new plan from Congress, on July 1 the interest rate on subsidized Stafford student loans will double, from 3.4 percent to 6.8 percent. In Maine, 33,883 federal student loan borrowers will be impacted if the rate doubles.

(Updated 15 June 2013) U.S. officials have begun discussing a new Transatlantic Trade and Investment Partnership with Europe. The deal poses a serious threat to strong U.S food safety laws, new U.S. rules designed to prevent another bank-induced economic collapse and many other public protections. The threat will be lessened if the U.S. reverses its plan to conduct negotiations in the full view of some 600 industry "advisors" but secretly from the rest of us.

Report | U.S. PIRG | Public Health, Health Care

Prescription for Danger

Compounding pharmacies are increasingly behaving like pharmaceutical companies by producing drugs in bulk, despite the fact that they are not inspected or regulated like the pharmaceutical industry. Due to this lack of oversight, many compounding pharmacies have not adhered to safe manufacturing practices, and shown little regard for consumer safety. According to an analysis of warning letters sent to other compounding pharmacies by the FDA from 2002 to 2012, there is a long history of violations that have in many cases led to unnecessary illness, injury, and even death.

News Release | U.S. PIRG | Public Health, Health Care

New Report Documents a Decade of Safety Violations by Compounding Pharmacies

The contaminated drug that caused last fall's fungal meningitis outbreak and killed 55 people is just the tip of the iceberg of an industry-wide problem, according to a new U.S. PIRG report. The meningitis outbreak was simply the latest and deadliest in a long line of errors and risky practices by compounding pharmacies.

Senate panel approves tighter oversight of compounding pharmacies but bill is under fire

Public health and consumer advocacy groups are attacking Senate legislation designed to tighten oversight of specialized pharmacies such as the one at the center of this past fall’s deadly meningitis outbreak, saying it does not adequately address health risks.

News Release | U.S. PIRG | Higher Ed

Where Students Stand To Lose the Most if Federal Loan Rates Double

U.S. PIRG released data today detailing the colleges and universities across the country where students would be the most adversely impacted by the looming rate hike on Subsidized Stafford student loans.

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