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News Release | WISPIRG | Financial Reform

SENATE CONFIRMS CFPB DIRECTOR CORDRAY, “GOOD NEWS FOR CONSUMERS AND FIRMS THAT WANT TO PLAY FAIR”

The July 16, 2013 confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace. The CFPB was created to rein in the reckless Wall Street practices that blew up our economy almost five years ago. Big banks that rely on consumer tricks and schemes to make money have wanted to kill the CFPB ever since, and for good reason: The CFPB has been enforcing critical consumer protection laws, and already forced Capital One to return $140 million in unfair credit card fees to consumers.
 

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Report | WISPIRG | Health Care

Top 20 Pay for Delay Drugs

Too often, consumers are forced to shoulder a heavy financial burden, or even go without needed medicine, due to the high cost of brand-name drugs. Our research indicates that one significant cause is the practice called “pay for delay,” which inflates the drug prices paid by tens of millions of Americans.
 

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News Release | WISPIRG | Health Care

Twenty Top Generic Drugs Delayed By Industry Payoffs

Wisconsinites with cancer, heart disease, epilepsy and other conditions have been forced to pay an average of 10 times more than necessary for at least 20 blockbuster drugs, according to a report released by the Wisconsin Public Interest Research Group (WISPIRG) and Community Catalyst. The report, “Top Twenty Pay-for-Delay Drugs: How Drug Industry Payoffs Delay Generics, Inflate Prices and Hurt Consumers,” reveals that these drugs were subject to an industry practice called “pay for delay,” in which brand name pharmaceutical companies pay off generic drug manufacturers to keep lower cost equivalents off the market, forcing consumers to pay higher brand-name drug prices.
 

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News Release | WISPIRG | Financial Reform

WISCONSINITES TELL SENATOR JOHNSON TO STOP CODDLING PREDATORY LENDERS AND BLOCKING CONSUMER FINANCIAL PROTECTION

The Wisconsin Public Interest Research Group (WISPIRG) and Americans for Financial Reform (AFR) delivered to the office of Sen. Ron Johnson the signatures of 5,180 citizens of Wisconsin, who call on the Senate to confirm Richard Cordray to a full term as director of the Consumer Financial Protection Bureau. Under current Senate rules, 60 votes would be required to confirm the nomination but that favorable outcome for consumers is blocked by Senator Johnson and 42 other Senators who have pledged to oppose Cordray unless the CFPB is first weakened.
 

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Blog Post | Democracy

Wisconsin Bill Would Double Campaign Contribution Limits, Increase Big Money in Politics | Bruce Speight

On June 10, the Wisconsin General Assembly passed a bill that, if passed by the Senate, would double the contribution limits to Wisconsin political campaigns and allow big money to further drown out the voices of Wisconsin voters. The bill also contains a provision to implement an online registration system — a great idea, but not enough to make this big-money bill worth passing.
 

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News Release | WISPIRG | Health Care

New Report: Without Reform, Health Costs Will Double

Without action from Congress, premiums and deductibles for residents of Wisconsin with employer provided insurance will nearly double by 2016, according to a new report released today by the Wisconsin Public Interest Research Group (WISPIRG).

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News Release | WISPIRG | Transportation

House Acts To Create Jobs, Put Nation On Path To Economic Stability

WISPIRG lauds today’s passage of H.R. 1, the American Economic Recovery and Reinvestment Act by the United States House of Representatives.  According to Gary Kalman, the director of WISPIRG’s Federal Legislative Office, “This legislation will spark immediate economic growth and lay the foundation for continued prosperity in a quickly changing global economy.”

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News Release | WISPIRG | Transportation

New Study: Both Good Signs and Red Flags in State’s Transportation Stimulus Wish List

A new study of the Wisconsin Department of Transportation (DOT) wish list, recently submitted to Congress for funding under a new economic recovery package, suggests that Wisconsin’s current project list both prioritizes projects that can help Wisconsin to address our biggest transportation problems, but also undermines efforts to repair and modernize our deteriorating infrastructure and reduce U.S. dependence on oil.

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News Release | WISPIRG | Transportation

Doyle Stimulus Proposal Would Move Some Key Projects for 21st Century Transportation, “Getting Wisconsin Back on Track”

Governor Doyle’s economic stimulus proposal to President-Elect Obama, which was released today, includes important 21st  century transportation projects for Wisconsin, including high speed intercity rail connecting Wisconsin’s major metropolitan areas, commuter rail in southeastern Wisconsin and Dane County, funding for transit agencies statewide, and funding for road and bridge repair and maintenance.

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News Release | WISPIRG | Transportation

High Speed Rail on the Horizon

A nationwide network of high speed bullet trains could soon be a reality thanks to bipartisan legislation introduced today by Senators Kerry (D-MA), Specter (R-PA) and at least a dozen other senators from both parties. The legislation provides two necessary components for such a system: dedicated funding and federal coordination.  The legislation includes financing for federally-designated rail corridors, one of which is the Chicago hub corridor -- a main segment of the Chicago corridor would run from Chicago to Minneapolis by way of Milwaukee and Madison. Senator Kohl (WI) is supportive of high-speed rail but was not a co-sponsor of this bill.

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