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News Post | Financial Reform

In Closing the Hedge Fund Loophole, an Opportunity for Bipartisanship | Jeremy Flood

It’s no secret that neither Congress nor the leaders of the two major parties can agree on much these days. This is perhaps even more true on tax policy than any other issue. So, when there is bipartisan agreement on sensible tax reform, we should not only take notice, but seize the moment to get something done

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News Post | Consumer Protection

Court Rejects PIRG-Opposed Swipe Fee Settlement With Visa/Mastercard | Ed Mierzwinski

Today, a panel of the U.S. Court of Appeals for the Second Circuit threw out a preliminary $7.25 billion settlement between Visa and Mastercard and any merchant accepting credit cards (including U.S. PIRG), ruling that despite that seemingly massive payment for past practices that the settlement gave inadequate relief to merchants going forward, as it essentially immunized the networks for any future illegal conduct while providing mostly illusory benefits. Since we accept credit cards from our members, we, joined by Consumer Reports, had formally objected to the settlement as consumer advocates who also happen to be merchant class members (most merchant associations also objected).

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News Post | Democracy

Five Ways Big Money Changed Since our Last Race for the White House | Samantha Garzillo

Today, the influence of big money in our elections continues to grow. This year, we see more super PACs, more secret money, and a smaller handful donors able to fund a larger share of the election. But you don’t have to take our word for it, just take a look at the numbers. Here are five of the biggest changes we’ve seen over the past four years in campaign fundraising.

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News Release | U.S. PIRG Education Fund | Democracy

In Late-June Congressional Primary, Big-Money Candidates Win Big

On Tuesday, congressional candidates in Colorado, Oklahoma, New York, and Utah competed in primaries for the House and Senate. Higher-fundraising candidates won the vast majority of these races, repeating a trend that has so far defined congressional primaries in over thirty states across the country. According to an analysis by U.S. PIRG Education Fund, nearly 82 percent of higher fundraising candidates have won their congressional primaries so far in the 2016 election cycle.

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Report | U.S. PIRG Education Fund | Public Health, Consumer Protection

Getting Personal with Chemicals

We should be able to trust that the products we buy are safe — especially the ones our families use every day, directly on our bodies. However, we looked into common ingredients in popular personal care products, and found that when we use these products, like shampoo, baby wipes, deodorant, shaving gel, or perfume, we are often dosing our bodies with chemicals that can disrupt our hormones, cause developmental problems, cause cancer, and more.

This consumer guide describes the results of our investigation of 10 popular personal care products that contain chemicals of concern.

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News Release | U.S. PIRG Education Fund | Tax

Poll: Public Wants Federal Agencies to Disclose and Restrict Corporate Tax Write Offs for Out-of-Court Settlements

A new poll shows that Americans want federal agencies to better disclose information about out-of-court settlements with corporations and to restrict companies from writing off these payments as tax deductions.

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News Release | U.S. PIRG | Tax

Offshore Tax Havens Cost Average Taxpayer $1,259 a Year, Small Businesses $3,923

Calculating how much federal and state taxes average tax filers and small businesses would pay to pick up the tab for the billions of revenue lost as a result of offshore tax havens.

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News Release | U.S. PIRG Education Fund | Consumer Protection

Report: Spirit Is Most Complained-About Airline

WASHINGTON – Spirit Airlines passengers are most likely to complain about their experience, according to a report released today by the U.S. PIRG Education Fund. Among major airlines, Spirit generates the most complaints for its size and generates an increasing number of complaints each year. Other most-complained about firms include Frontier Airlines, United Airlines, and American Airlines.

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News Release | U.S. PIRG Education Fund | Budget, Tax

New Report Ranks Transparency of Government Spending in the 50 States

Most states are improving the transparency of government spending, but some do a much better job than others.

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News Release | U.S. PIRG | Budget, Tax

Offshore Loophole Got Snuck Back in Tax Extenders Bill Behind Closed Doors

After Chairman Wyden took the bold step of striking an egregious offshore tax loophole from his proposed tax extenders bill, it found its way back in with no public debate. The Controlled Foreign Corporation (CFC) Look Through Rule lets multinational giants avoid U.S. taxes by booking profits to shell companies in tax havens like the Cayman Islands. Nixing this loophole would have saved taxpayers over $2 billion over the course of the next two years. We’re encouraged that an amendment to strike this loophole has been filed by Senator Brown (D-OH), and we hope the committee will do right by taxpayers and strike it once again. Close scrutiny reveals that the CFC look through rule serves only one purpose: letting a handful of giant multinationals use sham subsidiaries in tax havens to shirk their tax responsibilities.

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News Post | Financial Reform

Consumer fraud summit today will be webcast | Ed Mierzwinski

UPDATE: LINK TO C-SPAN WEBCAST ARCHIVE (My PANEL and entire event )

In times of financial calamity, fraudsters come out to take your . This afternoon U.S. Attorney General Eric Holder will host a consumer financial fraud summit () at Georgetown Law School near Union Station bringing together enforcers from the DOJ, FTC, state agencies and consumer groups. I'll be on a panel discussing business opportunity frauds. Other panels will be on elder fraud and tax scams. The event is free and open to the public and will be .

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News Post | Public Health

BuckyBall Magnets Still A Danger to Children | Nasima Hossain

Magnets posing as a serious health hazard to children keep appearing in the news. Now with this latest incident  was rushed into emergency surgery after swallowing 37 tiny magnets, we urge parents if they have had a scary incident with a magnet to alert the Consumer Product Safety Commission through their website.

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News Post | Democracy

After Super Pac Tuesday: Dominant Donors, Apathetic Voters

A new shows that on Super Tuesday, those going to cast their ballots in the presidential primary are not particularly enthusiastic about any of the candidates. Why? There is a fundamental problem that explains much of the disconnect between the candidates and the rank-and-file voters: the fact is, voters did not choose these candidates -- donors did.

It has become clear over the course of this primary season that a candidate's super PAC's prowess in knocking down the competition is key to staying in the race. Yet a recent U.S.PIRG/Demos study found that of all itemized contributions to super PACs, 96% came in contributions of $10,000 or more from just 1,097 donors.

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News Post | Consumer Protection

Has Congress Forgotten Enron, Dutch Tulip Bubble Scandals? | Ed Mierzwinski

A misnamed package of legislation to weaken investor protection laws -- -- is speeding through the House this week. While some Senators are for parts of the package, the Senate is taking a closer look at whether rolling back the enacted after the Enron and related accounting scandals is really the way to go.

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News Post | Consumer Protection

Some interesting consumer news of the week, in case you missed it | Ed Mierzwinski

An occasional update featuring important consumer stories you may have missed this week. This week, Occupy Wall Street joins clarion call for CFPB to reform the credit bureaus...Leading consumer columnist Michelle Singletary calls Google's practices "creepy"...Massachusetts official says "take state's money out of banks that don't comply with state laws requiring free accounts for young/old...FCC wants comment on cellphone shutdowns that affect First Amendment rights...and more.

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