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News Release | WashPIRG | Consumer Protection

Consumer Financial Protection Bureau takes over Thursday as nation’s consumer bank cop

As the new Consumer Protection Financial Bureau (CFPB) prepares to take over enforcement of all major financial consumer laws on Thursday, a leading consumer group is announcing the results of a poll showing that an overwhelming majority of likely voters both support the new agency (74 percent) and want Wall Street held “accountable” (77 percent).

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Media Hit | Financial Reform

Senate needs to move forward on confirming new chief for the Consumer Financial Protection Bureau

The good news is that on July 21 the landmark Consumer Financial Protection Bureau (CFPB) takes over as the nation’s chief consumer bank regulator. The bad news is that because no director has been confirmed, the Bureau will not be able to effectively protect consumers in the financial marketplace that includes payday lenders, mortgage companies, and credit bureaus.

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News Release | WashPIRG | Transportation

Report Examines Whether High-Speed Rail Should Be Public, Private or Both

The report comes at a time when Congress and state officials are debating future funding for high-speed rail, including upgrades to Amtrak’s 467-mile “Cascade Corridor” which connects Eugene, Portland, Seattle and Vancouver, BC. Meanwhile, the U.S. House Transportation and Infrastructure chair has proposed privatizing Amtrak with the hope of garnering private financing for new bullet trains along the Northeast. California is seeking private funds as part of a planned route connecting Los Angeles and San Francisco.

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Media Hit | Health Care

Health Insurers, Forced to Reveal Financial Data, Tamp Down Rate Increase Requests

Last year, a nasty fight erupted between state Insurance Commissioner Mike Kreidler and Premera Blue Cross. Kreidler was pushing a bill that would force health insurers into publicly disclosing financial data when they asked for rate increases. Premera was trying to water down the bill, prompting Kreidler to ask, "What don't they want the public to see?" For the most part, Kreidler got what he wanted--and yesterday a handful of companies' filings went public for the first time.

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News Release | Food

Representative Jeff Flake Introduces REAPS Act

Statement of U.S. PIRG Federal Legislative Office Director Gary Kalman on the introduction of the Reducing the Deficit through Eliminating Agriculture Direct Payment Subsidies Act.

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