Financial Reform

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.

News Release | U.S. PIRG | Financial Reform

U.S. PIRG's Wall Street Bailout Briefing #7

When an institution can dish out trillions of dollars without so much as a whisper to Congress, let alone the American taxpayers, it has no incentive to be accountable – to act in our best interest. In fact, the Federal Reserve is, economist Dean Baker recently observed, “by design, more answerable to the banking industry than democratically elected officials,” and by proxy, to the American taxpayers.  

News Release | U.S. PIRG | Financial Reform

Bailout Briefing #1: Comparing Executive Compensation Caps

 The aim of this bailout briefing is to provide our perspective on recent developments and resources for the media, staff and other interested parties.

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.

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Protect the CFPB

The CFPB is under attack, and we need to tell our Senators to stand up and protect our consumer cop.

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