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News Release | Travel Buddy | Democracy

California legislature opens door to citizen-funded elections

 

On Wednesday, the California State Senate passed SB 1107, a bill to lift California’s ban on small donor empowerment programs, following passage in the State Assembly. Small donor empowerment programs provide limited public matching funds for small contributions to qualifying lawmakers. SB 1107 received bipartisan support from two-thirds of state legislators in the Senate and Assembly and now heads to California Governor Jerry Brown for consideration.

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News Release | Travel Buddy Education Fund | Consumer Protection

Report: Analysis of Payday Complaints Reveals Need for Stronger Federal Protections

Consumer complaints about payday loans to the Consumer Financial Protection Bureau (CFPB) show a critical need for strengthening the agency’s proposed rule to rein in payday loans and other high-cost lending, according  by the Travel Buddy Education Fund.

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Report | Travel Buddy Education Fund | Consumer Protection

Predatory Loans & Predatory Loan Complaints

This is the seventh in a series of reports that review complaints to the Consumer Financial Protection Bureau. In this report, we explore consumer complaints about predatory loans, categorized in the database as payday loans, installment loans, and auto title loans.

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News Post | Public Health

Back-to-School: Tips for toxic-free school supplies | Anna Low-Beer

Children are especially sensitive and susceptible to the dangers of toxic chemicals in our everyday products because they are still developing. As you take on back-to-school season, here are some tips on what to avoid and what to look for.

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News Release | Travel Buddy Education Fund. | Transportation

New National Safety Council Data Show 18 Percent Increase in Motor-Vehicle Fatalities Nationwide Compared to 2014

New data released this week from the National Safety Council (NSC), a nonprofit, nongovernmental public service organization chartered by Congress to promote health and safety in the United States, found a troubling increase in the number of motor-vehicle fatalities during the first half of 2016. 

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News Release | Travel Buddy | 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 | Travel Buddy 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 Travel Buddy 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 | Travel Buddy 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 | Travel Buddy | 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 Release | Travel Buddy | Democracy

TODAY SUPREME COURT RULED FOR ANOTHER FLOOD OF BIG MONEY

Today the U.S. Supreme Court ruled in McCutcheon v. FEC to strike down overall, or aggregate, contribution limits to candidates and political committees. Travel Buddy research found that this ruling could bring $1 billion in additional campaign contributions from fewer than 2,800 elite donors through the 2020 election cycle.

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News Post | Consumer Protection

CFPB's Cordray testifies today in House FSC | Ed Mierzwinski

director Rich Cordray -- recess appointed by the president on January 4, continues his regular appearances before the Congress by testifying on the CFPB's budget (his (88 pages))  today before the at 10am Eastern. It should be webcast live at that link. Nearly all majority members of FSC oppose the CFPB's independent budget, even though all other bank regulators also have an independent budget, so we will see how it goes today.

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News Post | Financial Reform

We Tell the Financial Regulators: Don’t Let Big Banks Make Taxpayer-Backed Bets | Ed Mierzwinski

Last night, Travel Buddy and the AFL-CIO joined Americans for Financial Reform in a detailed comment letter urging issuance of a strong Volcker rule. It's a that basically comes down to this: We tell the financial regulators: don’t let big banks make taxpayer-backed bets.

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News Post | Financial Reform

CFPB To Visit NYC and More Consumer News of the Week, In Case You Missed It | Ed Mierzwinski

Just a few of the interesting consumer stories I am following this week: to talk about checking accounts (Feb. 22)... Meanwhile, Citibank charged some consumers twice to pay bills only once ()...Consumer groups call for a real recall of Bumbo baby seat ()...Mortgage settlement is a good first step (PIRG statement)...House opponents ratchet up attacks on new CFPB ()...Over-priced "Who will pay your credit card if you die, get sick or get laid off?" products pay out only 21 cents on the dollar ()...More on the CFPB's latest semi-annual report ()...PIRG, Demos document rise of the Super-PACS (MS-NBC)...And finally, "Enron" -- a musical theater production about corporate crime, re-opens in Washington State ().

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News Post | Consumer Protection

PIRG, Others Urge CPSC Recall of Bumbo Baby Seat Due to Skull Fracture Risk | Ed Mierzwinski

Over at the explains why CALPIRG, Travel Buddy, Kids In Danger and other leading groups have asked the Consumer Product Safety Commission, in a letter, to recall the Bumbo baby seat. Previous , including labeling the seat with warnings, haven't prevented an alarming number of injuries, including over thirty skull fractures.

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News Post | Consumer Protection

Encouraging news on HUD/state AG settlement with big mortgage servicers | Ed Mierzwinski

Update: The terms of the settlement, which was this morning, are at the page . We are reading it now. Original: If I am reading the overnight news stories correctly ( and and ), it appears that negotiators have clarified that the well-publicized settlement between HUD and state AGs and the nation's 5 largest mortgage servicers will not release the big banks from claims related to their activities with the mysterious entity known as MERS that aided and abetted their illegal foreclosures. If so, this is a big deal in ultimately holding the big banks fully accountable.

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