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Blog Post | Financial Reform

Banks Cook Books To Promote Wrong Choice Act, Attack CFPB | Ed Mierzwinski

Today the House Financial Services Committee takes up the so-called Financial Choice Act, which we call the Wrong Choice Act, to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and leave the CFPB an unrecognizable husk incapable of protecting consumers. Some 52 state bank associations urged support of the bill, based on a "cook-the-history-books" analysis of bank consolidation, which has not increased since 2010, even though they make the claim based on preposterous math.

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Report | For Immediate Release | Budget

Following the Money 2017: Special Districts

Executive Summary

Citizens’ ability to understand how their tax dollars are spent is fundamental to democracy. Budget and spending transparency holds government officials accountable for making smart decisions, checks corruption, and provides citizens an opportunity to affect how government dollars are spent.

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Blog Post | Financial Reform

Financial Choice Act: A Cruel Choice for the CFPB & Consumers | Ed Mierzwinski

UPDATED 4/25 with link to our letter to Congress. This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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News Release | U.S. PIRG | Financial Reform

New report shows victims of aggressive tactics from medical debt collectors

A new U.S. PIRG Education Fund Report documents consumer complaints to the Consumer Financial Protection Bureau about medical debt. Most complaints are about debt never owed, already paid, or not verified as the consumer's debt. The report demonstrates the ongong need to defend CFPB from speical-interest attacks.

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Report | U.S. PIRG Education Fund | Financial Reform

Medical Debt Malpractice

Millions of Americans are contacted by debt collectors every year over debt related to medical expenses. "Medical Debt Malpractice" is the latest (9th) in our series based on analysis of complaints in the Consumer Financial Protection Bureau's public complaint database. The report demonstrates that the CFPB is a critical agency protecting consumers against unfair financial practices and needs to be defended against special interest attacks.

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News Release | Georgia PIRG Education Fund | Consumer Protection

New Report: Georgia Receives a "C+" in Annual Report on Transparency of Government Spending

ATLANTA, March 26 – Georgia received a “C+” when it comes to government spending transparency, according to “Following the Money 2013: How the States Rank on Providing Online Access to Government Spending Data,” the fourth annual report of its kind by the Georgia PIRG Education Fund.

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Media Hit | Tax

Tax havens and tax refund fraud

States with budget shortfalls are struggling to account for the revenue gaps. One way to boost their economic health would be for states and the federal government to close corporate tax loopholes, writes an official for a nonprofit consumer group. A certified public accountant suggests changes in the U.S. tax code would raise revenue but might also cause substantial job losses. A third writer talks about stopping tax refund fraud.

 

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Media Hit | Tax

Georgia PIRG: Tax offshoring costs Georgia $569 million

A Georgia consumer group claims the state lost $569 million in corporate income taxes in 2011 from companies using offshore tax havens.

In a study released Tuesday, Georgia Public Interest Research Group Education Fund said “states automatically lose billions of dollars in revenue each year simply because their tax codes are closely linked to federal tax codes. When multinational firms shift the reporting of profits offshore on their federal taxes, those profits go un- reported for state tax purposes too.”

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News Release | Georgia PIRG Education Fund | Tax

Offshore Tax Dodging Blows a $918 Million Hole in Georgia Budget

ATLANTA, February 5th – With Georgia in the midst of a continued budget crunch, the Georgia PIRG Education Fund, joined by Alan Essig of the Georgia Budget and Policy Institute, released a new study revealing that Georgia lost $918 million due to offshore tax dodging last year. 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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Atlanta Gets "F" for Spending Transparency

How transparent is Atlanta’s city government when it comes to spending? Not very, according to a report released by a consumer advocacy group today.

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Blog Post | Financial Reform

New Year, New Legislative Session

Resolutions were made, the Peach was dropped, and a new year is beginning in Georgia.  For those of us who are public interest fighters, a new year means that a new legislative session, ripe with opportunity, is beginning at the Gold Dome.

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Blog Post | Consumer Protection

Happy holidays, and stay safe!

 

As the calendar year draws to a close and the holiday season nears its peak, gift-buying season gives way to gift-receiving season.

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Blog Post | Consumer Protection

Plant Vogtle delayed; consumers could bear the burden

In their most recent report, a state-hired independent monitor of the Plant Vogtle construction project has determined that the new nuclear reactors at the facility will be delayed at least a year.

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Blog Post | Tax

Easy deficit target: corporate tax breaks

 

The "fiscal cliff" is perhaps the biggest political issue of the moment.

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Blog Post | Democracy

Restoring, not restricting, freedom of speech

This November, I exercised my right as a citizen of the United States and went to the polls to vote.

Without going to the polls, a number of corporations exercised their unwisely-granted new rights to influence the elections far beyond my one vote.

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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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