News Releases

News Release | U.S. PIRG | Consumer Protection

USPIRG Commends Department of Labor's Rule On Conflicted Retirement Advice

Today, we joined President Obama, Senator Elizabeth Warren, CFPB Director Rich Cordray, Labor Secretary Tom Perez and others at AARP as the President announced his strong support for a proposed Labor Department rule to close loopholes and to require Wall Street and other financial advisors to put consumers first when they give retirement advice. Wall Street has already launched a misleading attack. Read more to see our statement supporting the proposal, which will put billions of dollars back into retirement accounts.

News Release | Georgia PIRG Education Fund | Transportation

New Study Questions Why Effingham Parkway Still Angling for Tax Dollars

A new report by the Georgia PIRG Education Fund calls the Effingham Parkway an example of an unjustified highway expansion. Officials are still planning to channel funds to build the highway, despite data that fail to support its construction. While prospects for the larger $100 million state-funded version of the new highway have been deferred, country officials are still seeking scarce transportation funds to spend on an initial two-lane road, which the report identifies as a “boondoggle.”

News Release | U.S. PIRG | Public Health

Some Good, Some Bad in Obama Executive Order on Protecting Antibiotics

Today, President Barack Obama issued an Executive Order – Combating Antibiotic Resistant Bacteria. While the order takes several important steps necessary to control the spread of antibiotic-resistant bacteria, it misses the opportunity to call for critical reforms in the agricultural sector that are essential to protect public health.

News Release | Georgia PIRG | Consumer Protection

SENATE CONFIRMS CFPB DIRECTOR CORDRAY

Statement of Laura Murray, Georgia PIRG Program Associate, on the Senate Confirmation of Richard Cordray to Full Term as Consumer Financial Protection Bureau (CFPB) Director:

"Yesterday’s confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace. The CFPB was created to rein in the reckless Wall Street practices that blew up our economy almost five years ago. Big banks that rely on consumer tricks and schemes to make money have wanted to kill the CFPB ever since, and for good reason: The CFPB has been enforcing critical consumer protection laws, and already forced Capital One to return $140 million in unfair credit card fees to consumers.

Yesterday the Senate took a 71-29 Senate vote (60 votes needed) to end a possible filibuster, and Director Cordray was confirmed on a 66-34 (51 votes needed) vote."

News Release | Georgia PIRG | Higher Ed

Interest Rates for 228,887 Student Loan Borrowers in Georgia Set to Double on July 1

Unless Congress acts, on July 1, the interest rate for 228,887 student loan borrowers in Georgia will double from 3.4 percent to 6.8 percent. According to an issue brief released today by Georgia PIRG, the rate increase translates into $880 more debt per student, per loan.

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