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Resource | Financial Reform

U.S. PIRG Comments on Labor's Retirement Advice Docket

In addition to sending over 7,000 short member comments to the Department of Labor in support of a strong rule protecting retirement savings by requiring advisors to adhere to a "consumer first" fiduciary standard, U.S. PIRG filed these detailed expert comments.

Beat High Bank Fees

Banks rely on consumer indifference when they raise fees. They count on consumers not shopping around. PIRG’s Big Banks, Bigger Fees reports routinely find that small banks and credit unions are not following the big banks’ lead; they still offer many free or low cost accounts.

Leading Groups Send Criteria for Evaluating VW Settlement

The letter highlights six main criteria by which a proposal should be evaluated to compensate consumers and the environment and deter future criminal acts. Four leading consumer, environmental, and public health organizations wrote an open letter in advance of the April 21st deadline set by U.S. District Judge Charles R. Breyer for a proposal that deals with Volkswagen’s emission scandal.

No Write-Offs for Consumer Ripoffs

A new factsheet  from the U.S. Public Interest Research Group documents how corporations that have been charged with harming consumers through mortgage violations, price-fixing, racial discrimination and other charges have typically been able to write off the cost of their misdeeds on their taxes.

U.S. PIRG Joins Legal Brief Defending CFPB Constitutionality

Attached is a brief, co-written by PIRG Litigation Director Mike Landis, filed today in the DC Circuit, U.S. Court of Appeals, filed on behalf of U.S. PIRG Education Fund and other leading groups in support of the CFPB's constitutionality. The full circuit will hear the case en banc on May 24th, after it vacated its own 2-1 panel decision holding the CFPB's structure is unconstitutional. We filed an amicus also at the panel level. We, along with several other consumer and civil rights groups, several members of Congress and several state Attorneys General, had unsuccessfully requested party-intervenor status in the case at the panel and en banc levels.

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