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Blog Post | Consumer Protection

Time To Defend CFPB as Senate Banking Committee Aims Sights at It | Ed Mierzwinski

UPDATED 12 April: The Senate Banking Committee held a stacked hearing on "Assessing Consumer Regulations" yesterday (5 April), although our one pro-consumer witness and pro-CFPB Senators defended consumer protection ably as three industry-backed witnesses and their supporters on the committee had a great deal of trouble proving their case that the CFPB should be dismantled. Tomorrow morning, (7 April) CFPB Director Richard Cordray will present the statutory "Semi-Annual Report of the CFPB" to the committee. We submitted a statement to be entered into the hearing record, as did other Americans for Financial Reform coalition members.

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News Release | U.S. PIRG | Consumer Protection

The Department of Labor Fiduciary Rule for Investment Advice

U.S. PIRG federal legislative director Jerry Slominski on The Release of the Department of Labor Fiduciary Rule for Investment Advice

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Blog Post | Consumer Protection

What is payday lending? | Kathryn Lee

We are a leading member of Americans for Financial Reform, a coalition that was instrumental in the creation of the Consumer Financial Protection Bureau (CFPB) by Congress in 2010. The CFPB is currently working on a rule to reign in the payday lending industry. We, along with AFR, are working to make sure the rule is a strong one. 

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Blog Post | Consumer Protection

Lowering your APR might be easier than you think | Kathryn Lee

Many Americans are walking around with a balance on their credit card because of high interest rates, or annual percentage rate (APR) charges for unpaid balances. It's best to pay off your balance in full but if you don't or can't, a higher APR makes your debit grow faster. What most people don’t realize is this APR can be negotiated to a lower rate.

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Blog Post | Financial Reform

We oppose latest effort to weaken CFPB, other bank regulators | Ed Mierzwinski

Today, the House Financial Services Committee holds its latest cattle-call markup of a package of industry-backed bills designed to weaken consumer, taxpayer, depositor and investor protections. We've signed a letter opposing the so-called TAILOR (Taking Account of Institutions with Low Operation Risk) Act, which piles redundant requirements onto the Consumer Financial Protection Bureau and other regulators to do what they already do by existing law--treat small banks and credit unions differently than mega-banks. Also, the PIRG-backed Americans for Financial Reform sent up a letter opposing the TAILOR Act and 6 more of the 10 bills on the agenda because they are designed to weaken consumer, taxpayer, depositor and investor protections.

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Media Hit | Food

USA Today: 'Growing concern' over marketing tainted beef

Beef containing harmful pesticides, veterinary antibiotics and heavy metals is being sold to the public because federal agencies have failed to set limits for the contaminants or adequately test for them, a federal audit finds.

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News Release | U.S. PIRG | Financial Reform

House Stands With Consumers Against Big Banks

The Wall Street Reform and Consumer Protection Act, H.R. 4173, approved by a vote of 223-202, establishes a new independent Consumer Financial Protection Agency (CFPA), reins in the ability for banks and investment firms to get “too-big-to-fail” and then needing massive taxpayer bailouts, opens, for the first time, the Federal Reserve to public oversight, and creates accountability for hedge funds and other previously unregulated players that were central causes of the economic meltdown one year ago.

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News Release | NCPIRG | Health Care

Amid Bad Economy, Rising Health Care Premiums Slam Consumers, Small Businesses

Even as Americans struggle with a recession and the highest unemployment rate since 1983, health insurance companies have jacked up their premiums again. The average cost of family health coverage climbed again last year, to $13,375 for a family of four, according to new data released today by the Kaiser Family Foundation and Health Research Educational Trust.

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News Release | NCPIRG | Health Care

Small Business Owners Reach Out to Congress to Support Health Reform

Raleigh, NC – Yesterday, local business owners called their Representatives and Senators to urge them to support legislation that cuts costs, stops insurance companies from discriminating against people with pre-existing conditions and gives people the option of a public plan.  In the first day of calling nearly 400 calls were generated by small businesses nationwide, with 42 calls in North Carolina. 

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News Release | NCPIRG | Health Care

Obama Health Care Plan Challenges Congress to Act

 “Tonight, drawing ideas from left and right, the President put forward his own healthcare plan. It tackles rising costs head on and ends insurance company abuses which threaten the coverage stability of Americans with insurance. It’s past time for Congress to come together and pass this bill.”

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Blog Post | Consumer Protection

The CFPB at Three: A Child Prodigy | Ed Mierzwinski

The Consumer Financial Protection Bureau (CFPB) turned just three years old Monday, July 21st, but when you look at its massive and compelling body of work, you must wonder: Are watchdog years like plain old dog years? Is the CFPB now a full-sized, 21-year-old adult? The answer is no, not yet. The CFPB is still growing and developing and adding programs and projects. The CFPB is, however, at three years old, certainly a child prodigy. Despite overwhelming public support, however, powerful special interests continue to attack it. Yet, the idea of the CFPB needs no defense, only more defenders.

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Blog Post | Democracy

Members of Congress, help us reclaim our democracy

We, the undersigned organizations and small businesses, call on you to push back against the tide of big money in our elections by co-sponsoring H.R. 20, the Government By the People Act, or S. 2023, the Fair Elections Now Act. 

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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.

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