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News Release | U.S. PIRG | Financial Reform

Statement on House Financial Services Committee Passage of HR 10, the Wrong Choice Act

Today, the House Financial Services Committee approved HR 10, the so-called Financial Choice Act, on a straight party-line vote. We call it the Wrong Choice Act. The bill eviscerates the successful CFPB, which has returned $11.8 Billion to over 29 million consumers in less than six years. The bill repeals much of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act enacted to protect us after the 2008 financial collapse. Our statement is below.

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Blog Post | Financial Reform

Banks Cook Books To Promote Wrong Choice Act, Attack CFPB | Ed Mierzwinski

Today the House Financial Services Committee takes up the so-called Financial Choice Act, which we call the Wrong Choice Act, to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and leave the CFPB an unrecognizable husk incapable of protecting consumers. Some 52 state bank associations urged support of the bill, based on a "cook-the-history-books" analysis of bank consolidation, which has not increased since 2010, even though they make the claim based on preposterous math.

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Blog Post | Financial Reform

Financial Choice Act: A Cruel Choice for the CFPB & Consumers | Ed Mierzwinski

UPDATED 4/25 with link to our letter to Congress. This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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News Release | U.S. PIRG | Financial Reform

New report shows victims of aggressive tactics from medical debt collectors

A new U.S. PIRG Education Fund Report documents consumer complaints to the Consumer Financial Protection Bureau about medical debt. Most complaints are about debt never owed, already paid, or not verified as the consumer's debt. The report demonstrates the ongong need to defend CFPB from speical-interest attacks.

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Report | U.S. PIRG Education Fund | Financial Reform

Medical Debt Malpractice

Millions of Americans are contacted by debt collectors every year over debt related to medical expenses. "Medical Debt Malpractice" is the latest (9th) in our series based on analysis of complaints in the Consumer Financial Protection Bureau's public complaint database. The report demonstrates that the CFPB is a critical agency protecting consumers against unfair financial practices and needs to be defended against special interest attacks.

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News Release | Iowa PIRG Education Fund | Food

Total Food Recall

Des Moines, October 30 – Despite government commitments to address the problem, food recalls are on the rise and our food safety systems are broken, according to a new report by U.S. PIRG.  Contaminated food makes 48 million Americans sick every year and costs over $77 billion in aggregated economic costs.  In Iowa over the last 21 months, 17 people were made sick from foodborne illnesses linked directly to food recalls and the cost was $1,410,845.

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Media Hit | Safe Energy

Hands off Muscatine County

Virtually everyone in the standing-room-only crowd of about 75 people who turned out to talk about Iowa’s energy future wanted the same thing — to stop MidAmerican Energy Company from building a nuclear plant near Wilton.

A nearly unanimous show of hands about halfway through Tuesday evening’s meeting in Muscatine made the crowd’s opposition clear.

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News Release | Iowa PIRG Education Fund and Demos | Democracy

Million-Dollar Megaphones

US PIRG Education Fund and Demos team up to shed light on outside spending, secret money and super PACs in the 2012 election.

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News Release | Iowa PIRG | Safe Energy, Transportation

New Coalition Sets High Goals for Job Creation and Cost Savings

Today, leaders across Iowa revealed a plan to create 20,000 new clean energy jobs and save consumers at least $1 billion per year by 2020 through investment in renewable energy, energy efficiency, and transportation priorities. Working as part of a coalition consisting of over thirty local organizations and businesses, Iowa Renewable Energy Jobs 2020 (IREJ2020) emphasizes the role of energy and transportation solutions in re-building Iowa’s workforce and economy.

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Media Hit | Higher Ed

PIRG Makes Another Call to Stop Student Loan Interest Rate Hike

As the clock ticks down to a student loan interest rate hike - Iowa PIRG, students, and financial aid officers from local colleges speak out on the impact to students and recent graduates entering the workforce. If Congress does not find a solution by July, an estimated 255,000 students enrolled in colleges and universities across Iowa will shoulder an additional one-thousand dollards per year in school.

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