Home

What's New

Report | U.S. PIRG Education Fund and Demos | Democracy

The Dominance of Big Money in the 2014 Congressional Elections

In 2014, large donors accounted for the vast majority of all individual federal election contributions this cycle, just as they have in previous elections. Seven of every 10 individual contribution dollars to the federal candidates, parties, PACs and Super PACs that were active in the 2013-2014 election cycle came from donors who gave $200 or more. Candidates alone got 84 percent of their individual contributions from large donors.

> Keep Reading
News Release | U.S. PIRG | Tax

Forex settlements prevent banks from writing off multi-billion dollar payments as tax deductions

The six banks that today announced out-of-court settlements with federal agencies to atone for manipulating foreign exchange markets won't be able to write off those payments as a tax-deductible business expense. Why isn't that always the case?

> Keep Reading
Blog Post | Consumer Protection

On Veterans Day, How The CFPB Helps Veterans, and All of Us | Ed Mierzwinski

Columnist George Will recently (and not for the first time) urged Congress to “abolish the Consumer Financial Protection Bureau.” His reasons may seem to come from his conservative philosophy, but merely pander to the powerful Wall Street interests that left our economy in ruins just a few years ago. As a counterbalance, let’s discuss some recent speeches and statements by CFPB Director Richard Cordray on his vision for the bureau and some of its current work, including – on this Veteran’s Day – its efforts to protect military families from financial predators.

> Keep Reading
News Release | U.S. PIRG | Tax

US regulators to strike forex settlement, but will they strike out tax deductions from the deal?

Federal agencies are preparing to settle with several big banks to resolve charges that they manipulated foreign currency exchange rates. Will those banks be allowed to write off the settlement payments as a tax deduction? If so, much of the costs of the payment will be shifted back onto taxpayers.

> Keep Reading
News Release | U.S. PIRG | Tax

Statement from U.S. PIRG about agency attempts to toughen up bank settlements

Statement regarding indications some federal agencies may reopen old banking settlements, as reported in yesterday’s New York Times. The SEC is similarly reportedly delaying the final execution of August’s announced $16.65 billion settlement with Bank of America while deliberating about issuing waivers that would soften regulatory repercussions of the deal.

> Keep Reading

Pages

News Release | U.S. PIRG Education Fund | Democracy

6 Reform Groups Support the Letter of 25 Representatives in Favor of President Obama’s Proposed Transparency Executive Order

Yesterday Reps. Anna Eshoo (D-Calif.), Michael Capuano (D-Mass.), and 23 others, wrote a letter to President Obama expressing their strong support for the April 13 draft executive order to require full disclosure of campaign spending and contributions by business entities that seek federal government contracts.

> Keep Reading
News Release | U.S. PIRG | Food

House Committee Approves Cut to Agriculture Subsidies

Every year, billions of taxpayer dollars are directed toward agribusiness -- artificially driving down the cost of fats and sugars by subsidizing commodity crops like corn and soybeans. Meanwhile, the prices of fruits and vegetables, grown with relatively little government support, have steadily increased by nearly 40% in the past 20 years.

> Keep Reading
News Release | U.S. PIRG Education Fund | Financial Reform

OCC Again Chooses Interests of Banks Over Consumers and States

A broad coalition of more than 250 consumer advocacy and civil rights groups are protesting yesterday’s announcement by the Office of the Comptroller of the Currency (OCC) that it will largely ignore a key mandate of the Dodd-Frank Wall Street Reform Act passed by Congress last year in response to the financial scandals that brought on the nation’s worst economic downturn since the Great Depression. Instead, the OCC will continue to give national banks a blank check to violate state rules against unfair and predatory practices.

> Keep Reading
News Release | U.S. PIRG | Public Health

House Committee Approves Flawed Chemical Security Legislation

Nearly ten years after the September 11 attacks, it is unacceptable that millions of Americans are still living under the threat of chemical disaster. The Department of Homeland Security has repeatedly asked Congress for the authority to require the highest risk chemical plants to convert to safer alternatives to eliminate or reduce the consequences of a terrorist attack.  We are dismayed that the Committee’s vote today allows the threats to public safety and security posed by these facilities to persist.

> Keep Reading
News Release | U.S. PIRG | Public Health

As House Committee Takes Up Bill to Weaken Consumer Product Safety Improvement Act (CPSIA), Consumer, Health, and Safety Groups Press Members to Put Kids First

As the House Energy and Commerce Committee prepared to consider H.R. 1939, the Enhancing CPSC Authority and Discretion Act of 2011, a coalition of consumer, health, and safety groups said lawmakers should put kids first and reject the bill because it would weaken the Consumer Product Safety Improvement Act (CPSIA), a vital law that keeps unsafe toys and products off the shelves.

> Keep Reading

Pages

DEFEND THE CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

Support Us

Your donation supports U.S. PIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code