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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 | U.S. PIRG | Consumer Protection

Consumer Advocates Concerned By Court Ruling Overturning Ban on High-Powered Magnets

We've joined leading consumer and pediatrician organizations in a joint news release with a sharp critique of a U.S. appellate court decision overturning a U.S. Consumer Product Safety Commission ban on the sale of high-powered small magnets (some as small as BBs) that pose a severe ingestion problem for children and youth. As our Trouble In Toyland report released on November 22 pointed out: "Nearly 80 percent of high-powered magnet ingestions require invasive medical intervention, either through an endoscopy, surgery, or both. In comparison, only 10 to 20 percent of other foreign body ingestions require endoscopic intervention and almost none require surgery."

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News Release | MoPIRG | Consumer Protection

Missourians Fight Attacks on CFPB by Big Wall Street Banks

Calling on Representatives Ann Wagner, Blaine Luetkemeyer, and Vicky Hartzler to protect Missouri’s consumers from Wall Street's attacks on the Consumer Financial Protection Bureau, MOPIRG launched the “Missouri Campaign To Defend the CFPB” today.

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Blog Post | Consumer Protection

Addicted to Hand Sanitizer: A Wells Fargo Scandal Update | Ed Mierzwinski

More questions continue to be raised about the Wells Fargo scandal. When did it really start- 2013, 2011 or 2005? What did execs know and when did they know it? How many frontline employees were fired because they complained as whistleblowers? Does setting up a fake account constitute criminal identity theft? Should deposed chairman and CEO John Stumpf go to jail? If the culture was pure, how did a frontline worker get "addicted to (drinking) hand sanitizer? Should he pay back more bonus compensation? Here's a flyaround of some of what's going on. By the way, did you know that even the Better Business Bureau has thrown Wells out?

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Blog Post | Consumer Protection

Consumer Financial Protection Bureau: By the numbers | Kathryn Lee

The Consumer Financial Protection Bureau released a breakdown of their successes they’ve had in the short five-year period they’ve been established. We're very proud to have been a part of building it and defending it; we're also very proud of the many achievements the youthful CFPB has made to make the financial marketplace fairer for consumers.

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Media Hit | Budget

Budget Solution is Hiding in the Caymans

Should we really cut food safety, law enforcement, and education while the nation’s largest, most profitable corporations use loopholes to avoid paying the taxes they should pay?

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News Release | MoPIRG Foundation | Tax

Offshore Tax Dodging Blows a $843 Million Hole in Missouri Budget

With Missouri in the midst of a budget crisis, MoPIRG Foundation, joined by small business owners, released a new study revealing that Missouri lost $843 Million due to offshore tax dodging in 2012. Many of America’s wealthiest individuals and largest corporations, use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.

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Media Hit | Budget

Kansas City's Report Card Is In

Ever wonder what goes on during a city council meeting? Or how much money was made from parking meters last year? The answers to some questions like these are available to the public online, but every city in the United States differs on how much information they share.

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News Release | MoPIRG Foundation | Budget

Kansas City Receives a “C” Grade for Spending Transparency

Kansas City received a “C” grade for spending transparency, according to a new report released today by MoPIRG. The report reviews Kansas City’s progress toward comprehensive, one-stop, one-click budget accountability and accessibility.

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News Release | MoPIRG Foundation | Budget

Saint Louis Receives Failing Grade for Spending Transparency

The city of St. Louis received a failing grade for spending transparency, according to a new report released today by the MoPIRG Foundation. The report reviews Saint Louis’ progress toward comprehensive, one-stop, one-click budget accountability and accessibility.

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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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