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Blog Post | Consumer Protection

Addicted to Hand Sanitizer: A Wells Fargo Scandal Update | Ed Mierzwinski

More questions continue to be raised about the Wells Fargo scandal. When did it really start- 2013, 2011 or 2005? What did execs know and when did they know it? How many frontline employees were fired because they complained as whistleblowers? Does setting up a fake account constitute criminal identity theft? Should deposed chairman and CEO John Stumpf go to jail? If the culture was pure, how did a frontline worker get "addicted to (drinking) hand sanitizer? Should he pay back more bonus compensation? Here's a flyaround of some of what's going on. By the way, did you know that even the Better Business Bureau has thrown Wells out?

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Blog Post | Consumer Protection

Consumer Financial Protection Bureau: By the numbers | Kathryn Lee

The Consumer Financial Protection Bureau released a breakdown of their successes they’ve had in the short five-year period they’ve been established. We're very proud to have been a part of building it and defending it; we're also very proud of the many achievements the youthful CFPB has made to make the financial marketplace fairer for consumers.

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Blog Post | Public Health

Calling for Big Action on Antibiotics in the Big Apple | Steve Blackledge

Last week, we were in New York City, where the United Nations General Assembly spent an entire day discussing antibiotic resistance, “the biggest threat to modern medicine.” Experts estimate that more than 700,000 people worldwide die from antibiotic-resistant infections each year, including 23,000 in the United States—a number that could grow to 10 million globally by 2050.

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News Release | U.S. PIRG | Financial Reform

Consumers Should Demand Security Freezes After Massive Yahoo Breach

In the wake of the recently-announced Yahoo data breach -- apparently the largest security breach ever, exposing the personal information of 500 million consumers -- PIRG offers consumer tips, demands that Yahoo provide free security freezes to affected consumers who could be at risk of "phishing" schemes to commit fraud on existing accounts or open new fraudulent accounts.  We also ask: Why did it take Yahoo two years to notify the public?

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Blog Post | Consumer Protection

Will Wells Fargo CEO Tell Senate "No Clawbacks" of Exec's Golden Parachute? | Ed Mierzwinski

Wells Fargo CEO John Stumpf goes before the Senate Banking Committee Tuesday (9/20) to explain the recent $185 million in combined civil penalties by the CFPB and other regulators over a sales goals incentive scandal that led to employees opening some 2 million fake, secret accounts without the knowledge of customers. How will he respond to the growing public clamor for a clawback of bonuses paid his top retail executive Carrie Tolstedt, whose retirement with a $125 million golden parachute package had been announced earlier this summer? 

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News Release | PIRGIM | Tax

New Legislation Would Close Corporate Tax Loopholes, Save Taxpayers $155 Billion

“The CUT Loopholes Act, introduced by Senators Carl Levin and Kent Conrad, goes a long way in making sure corporations play by the same rules as ordinary taxpayers."

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News Release | U.S. PIRG | Transportation

House Transportation Bill is a Step Backwards, Lacks a Serious Funding Mechanism

“America needs serious transportation reform. While the recent Senate transportation bill failed to move the ball forward on needed transportation reform, today’s House bill takes big strides in the wrong direction."

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News Release | PIRGIM Education Fund | Safe Energy

Nuclear Power Plants Threaten Drinking Water for 1.5 Million Michiganders

The drinking water for over 1.5 million people in Michigan could be at risk of radioactive contamination from a leak or accident at a local nuclear power plant, says a new study released today by the Public Interest Research Group in Michigan Education Fund and the Environment Michigan Research and Policy Center. 

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Media Hit | Tax

MLive.com: Three Fortune 500 companies in Michigan spent more on lobbying than they paid in taxes

Three Fortune 500 companies headquartered in Michigan spent more on lobbying in recent years than they paid in federal taxes, according to a new study released today by the Public Interest Research Group.

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News Release | PIRGIM | Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress Than They Did in Federal Income Taxes, PIRGIM Study Shows

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – PIRGIM, with allies from the Michigan Campaign Finance Network, revealed 30 corporations that spent more to lobby Congress than they did in taxes—including three companies headquartered in Michigan.

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