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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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Blog Post | Transportation

Clean Transportation Doesn’t Need To Be A Distant Utopia | John Olivieri

For many, when they think of combating global warming, they think of solar panels on rooftops and eliminating coal fired power plants. But, the truth is, there is not an effective solution to address global warming that does not deal with transportation as well.

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News Release | U.S. PIRG | Consumer Protection

Joint Statement Opposing Exceptions to CFPB Payday Rule

We've joined 10 other leading consumer, community, religious and civil rights organizations to oppose exemptions to a strong CFPB payday and auto title lending rule and to reiterate our opposition to an exception that has already been considered and rejected that would allow lenders to make longer-term installment loans without considering a borrower’s ability to repay so long as the payment did not exceed five percent of a borrowers’ income.

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News Release | Iowa PIRG Ed Fund | Democracy, Tax

Wells Fargo One of the 'Dirty Thirty'

With the second anniversary approaching of the Supreme Court case Citizens United rapidly approaching – it is clear that the floodgates to corporate political spending are open, and that Fortune 500 Companies are taking full advantage. A report released today by Iowa PIRG Education Fund and Citizens for Tax Justice reveals 30 of our nations most profitable corporations that spent more to lobby Congress than they did in taxes.

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Obama made right appointment

Iowa PIRG Advocate Letter to the Editor on the confirmation of Richard Cordray as the new head of the Consumer Financial Protection Bureau.

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Media Hit | Safe Energy

Group Urges Caution on New Nuclear Plants

Iowa should not build more nuclear plants unless they produce power at a lower cost than other options, including energy conservation, the Iowa Public Interest Research Group said Thursday.

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News Release | Iowa PIRG Education Fund | Safe Energy

Nuclear Power a Bad Financial Bet for Iowa, New Report Says

A new report documenting the high financial risks of nuclear power was unveiled today by groups advocating that Iowa place its energy bets on other energy sources. The report, The Nuclear Gamble: Why Nuclear Power is a Bad Bet for Iowans, was released after the Legislature shelved a proposal last session to fund new nuclear plants but amid ongoing speculation that utilities and the nuclear industry will resume a push for nuclear power.

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News Release | Iowa PIRG | Health Care

Effective State Exchange Key to Lower Health Costs for Iowa Consumers

The most effective way for Iowa's policy-makers to address rising health care costs is by implementing a strong and independent health insurance exchange, according to the first in a new series of policy briefs released today by consumer advocacy group Iowa PIRG.

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