News Releases

News Release | WashPIRG | Financial Reform

Keeping Foxes In Charge of the Chicken Coop

With overwhelming public support that continues, Congress in July 2010 passed important new financial rules and created the Consumer Financial Protection Bureau (CFPB) to oversee and regulate financial services from a consumer-based perspective. Now, less than two months before the landmark consumer cop takes over, the U.S. House of Representatives is poised to “stick a knife in its ribs,” in the words of Elizabeth Warren, who has been tasked by President Obama with running the CFPB.

News Release | Tax

House Committee Approves Cut to Agriculture Subsidies

Statement of U.S. PIRG Public Health Advocate Elizabeth Hitchcock on the House Appropriations Committee’s vote to approve an amendment to the 2012 Agriculture appropriations bill  to limit agriculture subsidies called direct payments to farmers with adjusted gross incomes lower than $250,000.

News Release | WashPIRG | Financial Reform

Two Years After Passing the Credit CARD Act, Congress Steps Up Attacks on Consumer Cop Designed to Enforce It

“The Credit CARD Act of 2009 has eliminated numerous credit card tricks and traps without causing skyrocketing interest rates or any of the other horrible side-effects that the banks once warned about.  In spite of that success, the banks and their Congressional allies are now seeking to eliminate the CFPB, the new consumer cop created to enforce the CARD Act and protect consumers from other tricks of the trade, like deceptive mortgage practices and unfair overdraft fees.

News Release | WashPIRG | Democracy

Governor to sign watered-down campaign finance legislation

Governor Gregoire today is expected to sign legislation that was originally intended to curb campaign finance abuses in Washington, although the bill presented to her contains significantly fewer limits on abuses than it started with.

News Release | WashPIRG | Financial Reform

Off-shore tax havens cost each WA taxpayer $390 extra this year

Major corporations, including Boeing, avoid a total of up to $100 billion each year in federal taxes by “off-shoring” the profits they make in the U.S. or by setting up sham headquarters in tax haven countries. As a result, Washington taxpayers are left to make up the difference.

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