Updates

Happy 106th birthday to two landmark food safety laws!

By | Nasima Hossain
Public Health Advocate

This week marks the 106th anniversary of the passage of the Pure Food and Drugs Act and the Federal Meat Inspection Act, two landmark pieces of consumer based legislation which established the modern food protection system as we know it.

News Release | U.S. PIRG | Higher Ed

Responding to Students, Congress Extends Low College Loan Rate

Statement of Rich Williams, U.S. PIRG Higher Education Advocate, on the Congressional passage of bipartisan legislation to prevent subsidized Stafford student loan interest rates from doubling:

Congress listened to students and their families and delivered a bill that stops student loan interest rates from doubling. Students already face unprecedented student loan debt and adding an additional $1,000 more would not only crunch individual borrowers, but would have further weighed down the recovering economy. We applaud Congress for coming together to pass this much-needed legislation.

News Release | U.S. PIRG | Health Care

Supreme Court Upholds Health Reform

Today’s decision is good news for consumers. Insurance companies can’t go back to the days of dropping your coverage once you become ill, or denying coverage to sick children. And beginning in 2014, the days of insurers being able to deny anyone coverage for “pre-existing conditions” will be history. 

Payday lenders seek "get out of regulation free" card

By | Ed Mierzwinski
Consumer Program Director

Triple-digit APR payday lenders are spending some of their massive profits on a bad legislative proposal, HR 1909, to eliminate any oversight by either state governments or the Consumer Financial Protection Bureau and move them into the arms of the industry-friendly federal bank regulator known as the OCC. Being regulated by the OCC has been a "get out of regulation free" card for the banks, so why not join them?

NYTimes Editorial: Debit Cards on Campus

According to a study by the United States Public Interest Research Group Education Fund, an advocacy organization, nearly 900 colleges and universities have card relationships with banks or other financial institutions, some of which manage student aid disbursements by turning student IDs into debit cards.

News Release | U.S. PIRG | Higher Ed

Congress Can’t Risk an Incomplete on Student Loan Interest Rates

Statement of Rich Williams, Higher Education Advocate for U.S. PIRG, on the failure to move debate forward on a bill to prevent student loan interest rates from doubling this July:

What Will JP Morgan Chase Chief Jamie Dimon Testify To Today?

By | Ed Mierzwinski
Consumer Program Director

(UPDATED) At 10am, the U.S. Senate Banking Committee will ask JP Morgan Chase chief Jamie Dimon questions perhaps including "What did you know and when did you know it?" and "Did your $3 billion in gambling losses violate the Volcker rule against betting you rown (and the depositors') money?" We will be there, tweeting from @edmpirg.

(POST UPDATED): The data broker Spokeo has agreed to pay penalties of $800,000 over multiple violations of the Fair Credit Reporting and FTC Acts. It's important as the first FTC case over the "sale of Internet and social media data in the employment screening context."

Could portable bank account numbers ease moving your money?

By | Ed Mierzwinski
Consumer Program Director

PIRG "Big Banks, Bigger Fees" reports have documented the many so-called "switching costs" problems consumers face when trying to move their money to a new bank (or credit union). Account number portability, which has worked well for phone company switching, could be a part of the solution.

Tell Jamie Dimon: "Leave the Fed" and Other Bank News

By | Ed Mierzwinski
Consumer Program Director

JP Morgan Chase chief Jamie Dimon has been one of the leading opponents of strong bank regulations but still sits on the board of one of his bank's chief regulators-- the New York Fed --despite his bank's recent gambling losses. Help us tell Jamie: it's time to go. 

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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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