WashPIRG Ban Roundup & CFPB Homepage 3.16.17

What's New

Blog Post | Financial Reform

CFPB Slams Two Credit Bureaus For Deceptive Marketing, Expect Experian Next | Ed Mierzwinski

This week, the Consumer Financial Protection Bureau nailed two "big 3" credit bureaus --Trans Union and Equifax -- for deceptive marketing of their over-priced, under-performing credit monitoring subscription products.  Combined fines and consumer restitution total $23 million. I predict that the CFPB will also bring a case against the remaining bureau, Experian, and that it will pay much more, because Experian really has led the way in aggressively marketing these tawdry products. They don't prevent identity theft, nor do they always accurately disclose your credit score, at fees of up to $16.95/month or more. Yikes!

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Blog Post | Consumer Protection

This New Year, Celebrate the CFPB | Ed Mierzwinski

This month, we published our 8th report based on analyzing consumer complaints collected in the CFPB's Public Consumer Complaint Database. The release of "Big Banks, Big Overdraft Fees" provides a good year-end opportunity to summarize a few of the reasons to be thankful for the Consumer Financial Protection Bureau, which took over in July 2011 as the first federal regulator with just one job: protecting consumers from unfair financial practices. The idea of the CFPB needs no defense, only more defenders.

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News Release | Consumer Protection

Yahoo Data Breach Presents Opportunity for Strong Response

Statement by Mike Litt at the U.S. PIRG Education Fund, on the latest announced Yahoo data breach.

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News Release | U.S. PIRG | Financial Reform

Overdrafts continue to hit students hard on campus

Today, the Consumer Financial Protection Bureau (CFPB) released a report shining a spotlight on contracts between banks and colleges to promote debit cards on campus.  Students continue to get hit hard with overdraft fees attached to their campus bank accounts. According to the report, nearly one in ten consumers in the population with student accounts incurred 10 or more  overdrafts per year, paying, on average, $196 in overdraft fees alone. Below is a detailed analysis by US. PIRG's Chris Lindstrom, who championed the protections that the CFPB is reporting on. This report is one more example of why we need a strong CFPB. 

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Blog Post | Antibiotics

Another (yes, another) reason to stop overusing antibiotics | Matthew Wellington

Researchers from The Ohio State University published a report today about the discovery of E-coli bacteria resistant to the antibiotic carbapenem in an Ohio swine facility. Uh oh.

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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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News Release | U.S. PIRG | Consumer Protection, Financial Reform

More Than 100 Groups Insist on No Riders in Spending Legislation

The day before the White House is expected to release its fiscal year 2017 budget proposal, a coalition of more than 100 groups, including U.S. PIRG, sent a letter calling on President Barack Obama and all 535 members of Congress to oppose any federal appropriations bill that contains ideological policy riders.

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Media Hit | Public Health, Food

Will Yum! Brands Commit to Better Antibiotic Stewardship Policies?

"Despite these successes, we need to re-double our efforts to counter new threats from superbugs that increasingly diminish the effectiveness of antibiotics. We will continue to ramp up our consumer awareness and advocacy campaigns to ensure that the superbugs don't win."

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Media Hit | Transportation

12 of America's Biggest Highway Boondoggles

Given that expanding highways at great public cost doesn’t improve rush-hour traffic, there are better ways to spend this money, argue report authors Jeff Inglis of Frontier Group and John C. Olivieri of U.S. PIRG. They identify a dozen road projects, costing $24 billion in all, that are “representative” of the problem.

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News Release | WashPIRG Foundation | Transportation

Puget Sound Gateway Makes National List of Highway Boondoggles, Wastes $2.8 Billion in Taxpayer Dollars

Puget Sound Gateway project makes national list of highway boondoggles. New research report finds at least $24 billion in taxpayer dollars will be wasted on 12 highway projects across the country. Details how these projects are wrongly prioritizing expansion over repair of existing infrastructure and are based on poor projections of future needs. Explains how each project fails to effectively combat congestion or wisely meet other needs. Recommends using better projection models that take into account changing transportation preferences, especially among Millennials. 

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Report | WashPIRG Foundation | Consumer Protection

Credit Cards, Consumer Compliants

This is the fourth in a series of reports that review complaints to the CFPB nationally and on a state-by-state level. In this report we explore consumer complaints about credit cards with the aim of uncovering patterns in the problems consumers are experiencing with their credit cards and documenting the role of the CFPB in helping consumers successfully resolve their complaints. Despite the benefits to consumers brought by enactment of the Credit Card Accountability Responsibility and Disclosure (Credit CARD) Act of 2009, consumer complaints about credit cards remain common. 

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Report | WashPIRG Foundation | Transportation

Transportation In Transition

SEATTLE – A first-of-its-kind report by the WashPIRG Foundation shows reduced car commuting in Washington’s urbanized areas—including the Greater Seattle area, Spokane-Idaho, and Portland-Vancouver—and more use of  transportation alternatives, like public transit and biking. The report looks at how Washington cities stack up with the top 100 urbanized areas in the country.

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Report | WashPIRG Foundation | Public Health

Trouble in Toyland 2013

In this report, WashPIRG provides safety guidelines for consumers when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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Report | WashPIRG Foundation | Consumer Protection

Big Credit Bureaus, Big Mistakes

New report found that the most complained-about credit reporting agency in Washington is Experian. 

 

The report used data collected by the Consumer Financial Protection Bureau’s public Consumer Complaints Database, which was created to help consumers resolve problems with their credit reports. The report compared complaints against the three nationwide credit reporting agencies (Equifax, Experian, and TransUnion), commonly referred to as credit bureaus, who were together responsible for 96% of all complaints about credit reporting.

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Report | WashPIRG Foundation | Food

Food Safety Scares 2013

Over the past few years, Americans have grown accustomed to seeing headlines about tainted food being recalled and pulled off store shelves. These high-profile recalls leave many Americans wondering whether enough is being done to reduce the risk of contaminated food and foodborne illness. The simple answer is 'no', and cases across the country and here in Washington have shot up.

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Blog Post | Transportation

Breaking the Silence on Transportation and the Climate

Transportation policy-makers in most states and at the federal level have simply never seen it as their business to consider, much less act to reduce, the climate impacts of their infrastructure investment decisions. The Obama administration’s actions last week, however tentative, suggest that that is about to change.

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Blog Post | Transportation

All Americans Deserve Clean Air to Breathe, On Earth Day and Every Day | Sean Doyle

U.S. DOT asks if we should measure global warming pollution from transportation.

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Video Blog | Consumer Protection

John Oliver Takes Aim At Credit Reports In 'Last Week Tonight'

Last Week Tonight with John Oliver explained how credit reports play a surprisingly large role in our lives, but even more surprising is how often they contain critical mistakes. John Oliver helps credit bureaus see why this is a problem – and that Judy still hasn’t been able to resolve her mixed up identity.

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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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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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DEFEND THE CFPB

Tell your representative 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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