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Blog Post | Consumer Protection

The CFPB at Three: A Child Prodigy | Ed Mierzwinski

The Consumer Financial Protection Bureau turned just three years old Monday, July 21st, but when you look at its massive and compelling body of work, you must wonder: Are watchdog years like plain old dog years? Is the CFPB now a full-sized, 21-year-old adult?

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Blog Post | Consumer Protection

CFPB Faces A "Death of a Thousand Cuts" Today | Ed Mierzwinski

Today, at 10 AM, the U.S. House Financial Services Committee considers a package of over a dozen anti-consumer, anti-investor, anti-taxpayer bills. U.S. PIRG and other members of Americans for Financial Reform have urged a no vote on all the bills targeted at weakening the Consumer Financial Protection Bureau (CFPB).
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News Release | Maryland PIRG Foundation and Citizens for Tax Justice | Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including Stanley Black & Decker in Maryland – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the Maryland PIRG Foundation and Citizens for Tax Justice (CTJ). Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Report | Maryland PIRG Foundation and Citizens for Tax Justice | Tax

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity. 

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News Release | Consumer Protection

Credit CARD Act Saves Consumers $12.6 Billion Annually

On May 22, the fifth anniversary of the Credit CARD Act of 2009, consumer advocates applaud the Act’s success in saving Americans billions of dollars in predatory and excessive fees. By one estimate, the CARD Act has saved consumers $12.6 billion annually in lower fees and interest charges; a recent report from the Consumer Financial Protection Bureau identifies nearly $4 billion annual savings in fees alone.

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Media Hit | Solid Waste

Bottle bill would boost recycling in Maryland

As Gov. Martin O'Malley points out in his newly launched comprehensive climate plan, less than 25 percent of our bottles and cans are being recycled. This means more leaky landfills, dirtier air from incinerators, and more litter and litter cleanup costs. Maryland can do better.

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News Release | Maryland PIRG | Solid Waste


Governor O’Malley has rightly included container recycling in his newly introduced Climate Change plan, in the form of a deposit on recyclable beverage containers, more commonly referred to as a Bottle Bill. The plan would get our state to an achievable goal of an 80% container recycling rate by 2020.

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Media Hit | Safe Energy

Calvert Cliffs nuclear plant at risk for ‘early retirement,’ report says

Calvert Cliffs Nuclear Power Plant was listed as one of almost 40 nuclear reactors across the U.S. that is at risk of closing early, according to a new report from the Institute for Energy and the Environment at Vermont Law School.

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News Release | Health Care

Twenty Top Generic Drugs Delayed By Industry Payoffs

Marylanders 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 today by Maryland Public Interest Research Group (Maryland PIRG) and Community Catalyst.

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Media Hit | Higher Ed

Local Students Feel Pinch of Loan Rate Increase

Students in our area are feeling the pinch after federal student loans doubled starting July 1. Watch online.


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