Financial Reform

10 Reasons We Need the CFPB Now

For years leading up to the 2008 financial collapse, federal bank regulators ignored numerous warnings of increasingly predatory mortgage practices, credit card tricks and unfair overdraft policies used by banks. This report outlines predatory financial practices that hurt consumers and helped collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values. It explains these and other emerging problems as “10 Reasons We Need The Consumer Financial Protection Bureau Now.”

New Consumer Agency Takes Over Thursday as Nation’s Consumer Bank Cop

Leading consumer groups today announced the results of a poll showing that an overwhelming majority of likely voters both support a new consumer agency (74%) and want Wall Street held “accountable” (77%), along with a report documenting “10 reasons” consumers need the new Consumer Financial Protection Bureau.

News Release | Budget, Financial Reform, Tax

Senator Carl Levin Introduces Stop Tax Haven Abuse Act

The Stop Tax Haven Abuse Act is a timely and critically important proposal that seeks to stem flight of capital from this country. The bill will force open and honest accounting of profits. It will put an end to the price and profit shifting that allows companies to engage in such pervasive tax avoidance.

Reining in Wall Street

On July 15, the U.S. Senate passed the Wall Street Reform and Consumer Protection Act by a count of 60 to 39.

Big Banks Bigger Fees

Since Congress largely deregulated consumer deposit (checking and savings) accounts beginning in the early 1980s, the PIRGs have tracked bank deposit account fee changes and documented the banks’ long-term strategy to raise fees, invent new fees and make it harder to avoid fees.

New Survey Shows Banks Still Hiding Fees from Consumers

A survey of more than 350 bank branches released today by the Maryland Public Interest Research Group revealed that fewer than half of branches obeyed their legal duty to fully disclose fees to prospective customers, while one in four provided no fee information at all.

News Release | Budget, Financial Reform

Maryland Earns “C” in Annual Report on Transparency of Government Spending

Maryland got a “C” when it comes to openness about government spending, according to "Following the Money 2011: How the States Rank on Providing Online Access to Government Spending Data," the second annual report of its kind by the Maryland Public Interest Research Group (Maryland PIRG).

Combined Reporting Fact Sheet

Many large multi-state corporations slash or eliminate the taxes they pay to Maryland through accounting strategies that take advantage of weaknesses in our tax law. Combined reporting is one method of closing these loopholes- this fact sheet explains how this reform works.

Fast track the citizens united bill

Not so long ago, "Citizens United vs. the Federal Elections Commission" was just a pending obscure decision facing the Supreme Court.

But on January 21, with a cataclysmic ruling, what was once only on the minds of a few fretting campaign finance reformers made its way to America's front pages.

Strong Campaign Finance Reform

Poll: 80% of Americans favor giving shareholders a say in corporate political spending in the wake of Citizens United.

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DEFEND THE CFPB

Tell your representative 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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