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Blog Post | Consumer Protection

Consumers Count: Five years of the CFPB standing up for consumers | Kathryn Lee

This week, the Consumer Financial Protection Bureau turns five years old! As part of our efforts to tell more people about the CFPB, we're cross-posting this video blog and comments written by Zixta Q. Martinez of the CFPB (check out the infographic at the end, too!).

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Letter: Protecting the FTC from Special Interest Attacks

While much of our work has been in defense of the Consumer Financial Protection Bureau (CFPB), we also support the efforts of the over-100 year old Federal Trade Commission.

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Blog Post | Consumer Protection

Delayed CFPB/Other Wall Street Reform Rollbacks Happening Today On House Floor | Ed Mierzwinski

Last month the House canceled floor consideration of the Financial Services and General Government Appropriations bill. FSGG is back on the floor today and tomorrow. We urge support of amendments to protect the Consumer Financial Protection Bureau (CFPB) but, since they won't pass, we urge a no vote on the bill. Here's an updated excerpt from my previous blog.

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Blog Post | Consumer Protection

Court Rejects PIRG-Opposed Swipe Fee Settlement With Visa/Mastercard | Ed Mierzwinski

Today, a panel of the U.S. Court of Appeals for the Second Circuit threw out a preliminary $7.25 billion settlement between Visa and Mastercard and any merchant accepting credit cards (including U.S. PIRG), ruling that despite that seemingly massive payment for past practices that the settlement gave inadequate relief to merchants going forward, as it essentially immunized the networks for any future illegal conduct while providing mostly illusory benefits. Since we accept credit cards from our members, we, joined by Consumer Reports, had formally objected to the settlement as consumer advocates who also happen to be merchant class members (most merchant associations also objected).

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Blog Post | Consumer Protection

House Launches Frenzy of Attacks on CFPB, Public Protections | Ed Mierzwinski

Today and tomorrow the House floor showcases a variety of special-interest backed bills designed to eliminate public protections and weaken financial reform. Action starts soon with an attempt to override the President's veto of legislation to wipe away a new Department of Labor rule designed to protect hard-earned retirement savings from Wall Streeters seeking their "share" of your own share. Then, the House will consider the massive FSGG Appropriations bill, which rolls back the independence and authority of the CFPB and other financial reforms. Finally, they've teed up a bill to eliminate the Supreme Court's long-standing "Chevron doctrine," which says that courts must defer to expert agencies in certain circumstances. Without the doctrine in place, polluters and wrongdoers will have more opportunities to challenge public protections.

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News Release | PIRGIM | Food

Cuts to Spending Recommended by Agriculture Committees Should Target Wasteful Subsidies for Junk Food

Cuts to agricultural subsidies should target the most egregious giveaways to agribusiness giants.

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Media Hit | Food

Michigan Messenger: Ag subsidies blamed for obesity epidemic

Gov. Rick Snyder’s campaign to reduce obesity may be impeded by federal agricultural subsidies that make junk food cheaper than fruits and vegetables. In a new report — Apples to Twinkies: Comparing Federal Subsidies of Fresh Produce and Junk Food — the Public Interest Research Group in Michigan finds that between 1995 and 2010 Americans spent over $260 billion on agricultural subsidies, with most of the money going to commodity crops like corn and soybeans, which are processed into high fructose corn syrup and oil and used in snack foods.

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Media Hit | Tax

Daily Tribune: Corporate tax protesters gather at Royal Oak post office

Taxpayers gathered at the Royal Oak post office today to call for closing loopholes they say allow 83 of the 100 largest corporations in America to avoid an estimated $100 billion a year in taxes by hiding their profits overseas.

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News Release | PIRGIM Education Fund | Tax

Off-Shore Tax Havens Cost Michigan Taxpayers $295 a Year

Michigan taxpayers gathered at the Royal Oak post office on Monday to show their support for closing loopholes that allow 83 of the 100 largest corporations in America to avoid an estimated $100 billion a year in taxes by hiding their profits overseas.

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News Release | PIRGIM Education Fund | Safe Energy

Nuclear Power: Not Worth the Risk

A new report released today by the Public Interest Research Group in Michigan (PIRGIM) documents a history of safety problems at nuclear reactors in the United States. These incidents – like the crisis at the Fukushima Daiichi power plant in Japan – illustrate that nuclear power carries with it risks that are simply not worth taking.

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