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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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Statement on Procter & Gamble’s New Preservative Tracker in Personal Care Products

Personal care product giant Procter & Gamble (P&G) recently unveiled a new preservative tracker, which lets consumers know which preservatives are included in various categories of P&G’s products, such as baby wipes, skin care, and hair care products. Consumers can search the tracker by ingredient or by product type.

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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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News Release | WISPIRG Foundation | Transportation

As Federal Highway Administration Acknowledges the Driving Boom is Over, Will WISDOT Follow Suit?

The Federal Highway Administration (FHWA) has quietly acknowledged that the Driving Boom is over, cutting its forecasted driving estimates by between 24 percent and 44 percent.  Meanwhile, the Wisconsin Department of Transportation (WISDOT) continues to forecast increases in driving that aren’t materializing - a policy that risks wasting billions of taxpayer dollars. WISDOT is also claiming a $680 million shortfall in current transportation funding, a significant portion of which is to accommodate unnecessary expansions of highway capacity. 

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News Release | WISPIRG | Budget

Congressional Omnibus-Bill would gut Wall St. Reform, allow for more Special Interest Spending

The omnibus appropriations bill nearing a vote on the floor of Congress contains “riders” that would repeal a key section of the 2010 Wall Street Reform bill and further increase the influence of Big Money in elections by raising contribution limits to party committees.

“This backdoor, backroom effort will repeal protections for taxpayers and Main Street, and further empower billionaire megadonors in our elections," said Peter Skopec, WISPIRG Campaigns Director.

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News Release | WISPIRG | Transportation

Coalition Unveils Better Solution for I-94 East-West Corridor

Two weeks after WISDOT issued a draft Environmental Impact Statement (DEIS) that proposes two costly and wasteful highway expansion options for the I-94 East-West corridor – a coalition is offering a new alternative aimed at enabling 21st century mobility in the corridor and developed by a 25-year transportation planner and NJ DOT veteran.  

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News Release | WISPIRG | Transportation

WISDOT Budget Request: Higher Taxes, More Wasteful Spending and Misplaced Priorities

The Wisconsin Department of Transportation’s (WISDOT) biennial budget request, released on Friday, proposes to slam Wisconsin taxpayers with a $751 million increase in taxes and fees.  At the same time, the budget request does nothing to address the irresponsible and misplaced spending of a Department that prioritizes squandering public money on unneeded highway expansion projects over urgent repair of local roads, transit systems, and bridges all over Wisconsin. 

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News Release | WISPIRG | Transportation

I-94 Corridor Draft EIS Options Disregard Data, Community and Taxpayer Concerns

The Wisconsin Department of Transportation (WISDOT) issued a draft Environmental Impact Statement (EIS) that proposes two costly options for expanding I-94 in Milwaukee. The study ignores community opposition to the expansion and concerns over detrimental local impacts of the expansion.  The EIS also disregards data showing that traffic volumes in the corridor are declining and which call into question the need for expanding the interstate.

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Report | WISPIRG Foundation | Health Care

The Facts about Comparative Effectiveness Research

As Congressional and public debate over health care reform grows more intense, comparative effectiveness research (CER) has emerged as an unlikely flashpoint of controversy. Opponents’ claims that CER results in the rationing of health care or a government takeover are belied by the true nature of such research: it is simply fundamental scientific research of medical treatments aimed at determining the most effective ways to treat sickness and injury. It is the basis of all advancements in the field of medical science and has been used throughout history to improve medical treatment.

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Report | WISPIRG | Transportation

Wisconsin and the Stimulus

June 29th marks the 120-day deadlne for states to commit at least 50% of the American Recovery and Reinvestment Act's (ARRA) $26.6 billion in transportation funds. It provides a vantage point to examine how states are using the money, with a particular focus on the $529 million apportioned to Wisconsin.

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Report | WISPIRG Foundation | Transportation

Connecting Wisconsin: Public Transportation Projects for the 21st Century

A new WISPIRG study examines ten specific opportunities for enhanced and expanded public transportation across the state and inding that such projects would save Wisconsinites money, boost the economy, and reduce oil consumption.

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Report | WISPIRG Foundation | Safe Energy

The High Cost of Nuclear Power

With the state considering solutions to reduce our global warming pollution, a new WISPIRG report finds that renewable energy sources can produce far more electricity than nuclear plants for less money.

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Report | WISPIRG Foundation | Democracy

Saving Dollars, Saving Democracy

In this report, WISPIRG Foundation finds that a more streamlined and automatic system linking existing databases with the state voter rolls could free up significant resources at the local level.

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Blog Post | Transportation

US House Transportation Bill for the 19th Century, not the 21st CenturyBruce SpeightPhineas Baxandall

With much fanfare and 854 days late, the U.S. House last week introduced bills to fund our nation's transportation system for the next five years. The new rules for spending $260 billion over five years would be tilted more toward highways with less going to buses, rail, biking and pedestrian trails. Given the nation's urgent need to reduce our addiction to oil, that in itself would have been a tragedy.

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Blog Post | Financial Reform

President’s Recess Appointment Gives Watchdog Teeth It Needs To Protect Consumers From Wall Street or Payday Lender Financial ShenanigansBruce SpeightEd Mierzwinski

Kudos to President Obama for standing up for consumers this week by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau. The President’s action means that the CFPB now has all its powers to protect the public from unfair financial practices, whether by banks or other financial firms, such as payday lenders and credit bureaus.

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Defend the CFPB

Tell your senators 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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