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House holds stacked hearing to attack retirement savings rule proposal | Ed Mierzwinski

The House Financial Services Committee is holding a typically stacked hearing -- one consumer-side witness against four Wall Street-backed lobbyists  -- to attack the important retirement savings rule proposed by the Department of Labor. The rule simply requires retirement advisors to put the customer's needs  -- not their own compensation -- first.

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Blog Post | Consumer Protection

Court Reinstates Case Against Bank That Aided Senior Citizen Fraud | Ed Mierzwinski

This week, the 3rd Circuit, U.S. Court of Appeals overturned a lower court decision that had denied class action status to victims of a scheme targeting senior citizens who were suing Zions Bank and its payment processor affiliates for aiding the fraudsters. U.S. regulators led by the Department of Justice have been fighting this and similar schemes, yet powerful special interests have managed to create a false narrative in Washington, DC that has been picked up by opponents of consumer protection laws. They falsely claim that the government's target is "legitimate" payday lenders and gun dealers. Wrong, the target is financial crimes against consumers, many consumers.

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Blog Post | Consumer Protection

IRS Admits Data Breach Worse Than Thought, Will Congress Do Wrong Thing Anyway? | Ed Mierzwinski

This week, the IRS has admitted that thieves accessed the personal information -- enough to allow them to take your tax refund -- of an additional 220,000 taxpayers, on top of the 114,000 reported in May. Meanwhile, we remain  concerned that Congress will use continued publicity about the Target breach and other breaches as an excuse to pass dangerous data security legislation. Dangerous? Yes, because it would only protect against limited financial identity theft harms, but eliminate stronger state protections against the harms posed by the IRS breach, the health insurance breaches and the OPM breach.

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News Release | WISPIRG Foundation | Financial Reform

Top 10 List: How the CFPB Is Working for Consumers

The Consumer Financial Protection Bureau (CFPB) turns four years old on July 21. To celebrate and increase public awareness of the agency, WISPIRG Foundation has created a new webpage, “Meet the CFPB: Just Ten of the Ways It Works for You.”

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News Release | WISPIRG Foundation | Financial Reform

New Report: Mortgage Problems Rank #1 at CFPB for Consumer Complaints

Mortgage problems were the top source of complaints to the Consumer Financial Protection Bureau (CFPB), according to a report released today by WISPIRG Foundation. The report also found that Bank of America was the most complained about company in Wisconsin for mortgage problems. 

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News Release | WISPIRG | Health Care

At Stake: What’s on the Line for Wisconsin Health Care Consumers in the Pending Supreme Court Case

The outcome of the U.S. Supreme Court’s ruling on the Affordable Care Act (ACA) will have far reaching impacts on consumers. The law is already working to improve the quality of care and reduce costs, with millions of Americans experiencing concrete improvements in their coverage. Further improvements are slated to go into effect in 2014 – including a long-awaited ban on insurance companies denying coverage to people with pre-existing conditions, and the opening of competitive state health insurance marketplaces called “exchanges” aimed at giving consumers better choices for coverage.

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Media Hit | Food

Green Bay Press Gazette: Guest column: Wasteful Farm Bill subsidies are hurting nation's health

With the U.S. Senate turning to debate the federal Farm Bill this week, you might think that only farmers should care. But in reality, the decisions they make impact all of us, because there's a real risk Congress will maintain a broken status quo that lavishes taxpayer dollars on the junk food ingredients that are helping to fuel the obesity epidemic.

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Media Hit | Democracy

Campaign 2012 News Conference: WISPIRG, Wisconsin Democracy Campaign on Campaign Spending Reform

A coalition of Wisconsin leaders and organizations is calling on Republican Governor Scott Walker and Democratic challenger Tom Barrett to pledge to the people of Wisconsin that they will take action, call a special session and provide Wisconsinites full disclosure of the source of campaign dollars and issue ads for state races and close loopholes that allow unlimited campaign fundraising. 

Click on the title above to watch the press conference on Wisconsin Eye.

 

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News Release | WISPIRG Foundation | Democracy

Wisconsinites Call on Barrett, Walker to Pledge ‘Special Legislative Session to Protect our Democracy’

A coalition of Wisconsin leaders and organizations is calling on Republican Governor Scott Walker and Democratic challenger Tom Barrett to pledge to the people of Wisconsin that they will take action, call a special session and provide Wisconsinites full disclosure of the source of campaign dollars and issue ads for state races and close loopholes that allow unlimited campaign fundraising. 

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News Release | WISPIRG | Democracy

First-of-its-kind “Refrain From Political Spending” Resolution to Be Voted on at Bank of America Shareholder Meeting Wednesday

On Wednesday, May 9, shareholders at Bank of America will vote “yay” or “nay” on a first-of-its-kind “refrain from political spending” resolution. Resolutions addressing political spending are among the most popular in the 2012 shareholder season, many dealing with the disclosure of such spending. This is the first shareholder season for this groundbreaking resolution which was introduced by socially responsible investment firms Trillium Asset Management at Bank of America and 3M Corporation and by Green Century Capital Management at Target Corporation.

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