Home

What's New

Blog Post | Consumer Protection

As CFPB Advances Consumer Protection, Attacks on CFPB Escalate | Ed Mierzwinski

This week, the CFPB took a major step toward establishing a regulation restricting the use of forced arbitration clauses in consumer financial contracts, which give companies what the CFPB's director said was a "free pass from being held accountable by their customers." Meanwhile, on Capitol Hill, powerful bank interests escalated their campaign to defund and defang the bureau, because it works for consumers, not them.

> Keep Reading
Blog Post | Consumer Protection

House holds stacked hearing to attack retirement savings rule proposal | Ed Mierzwinski

The House Financial Services Committee is holding a typically stacked hearing -- one consumer-side witness against four Wall Street-backed lobbyists  -- to attack the important retirement savings rule proposed by the Department of Labor. The rule simply requires retirement advisors to put the customer's needs  -- not their own compensation -- first.

> Keep Reading
Blog Post | Consumer Protection

Court Reinstates Case Against Bank That Aided Senior Citizen Fraud | Ed Mierzwinski

This week, the 3rd Circuit, U.S. Court of Appeals overturned a lower court decision that had denied class action status to victims of a scheme targeting senior citizens who were suing Zions Bank and its payment processor affiliates for aiding the fraudsters. U.S. regulators led by the Department of Justice have been fighting this and similar schemes, yet powerful special interests have managed to create a false narrative in Washington, DC that has been picked up by opponents of consumer protection laws. They falsely claim that the government's target is "legitimate" payday lenders and gun dealers. Wrong, the target is financial crimes against consumers, many consumers.

> Keep Reading
Blog Post | Consumer Protection

IRS Admits Data Breach Worse Than Thought, Will Congress Do Wrong Thing Anyway? | Ed Mierzwinski

This week, the IRS has admitted that thieves accessed the personal information -- enough to allow them to take your tax refund -- of an additional 220,000 taxpayers, on top of the 114,000 reported in May. Meanwhile, we remain  concerned that Congress will use continued publicity about the Target breach and other breaches as an excuse to pass dangerous data security legislation. Dangerous? Yes, because it would only protect against limited financial identity theft harms, but eliminate stronger state protections against the harms posed by the IRS breach, the health insurance breaches and the OPM breach.

> Keep Reading
Blog Post | Consumer Protection

House To Vote On Godzilla-Sized Rule Blocker, As Financial Committee Considers Smaller Rollbacks | Ed Mierzwinski

UPDATED: REINS Approved, near party line vote. Today, the House Financial Services Committee takes up a package of smaller rollback bills, many of which are opposed by Americans for Financial Reform and the PIRGs. Meanwhile, the House will bring up the Godzilla of all anti-health and safety bills, the REINS Act. Fortunately, the President has promised a veto.

> Keep Reading

Pages

News Release | NJPIRG Law & Policy Center | Budget, Tax

Offshore Tax Dodging Saps $2.8 Billion from New Jersey’s Budget

NJPIRG, New Jersey Citizen Action, and the New Jersey Main Street Alliance came together at a Jersey City small business on 2/6/2013 to discuss a new NJPIRG study revealing that New Jersey lost $2.8 billion in state revenue due to offshore tax dodging in 2012.

> Keep Reading
News Release | NJPIRG Law & Policy Center | Consumer Protection, Food

FDA Protects Public by Releasing Two Long-Delayed Food Safety Rules

Statement of Jennifer Kim, NJPIRG State Director, on the FDA’s proposed new rules for food safety.

> Keep Reading
News Release | NJPIRG Law & Policy Center

New Report Shows Impact of Big Money in the 2012 Election

At a press conference marking the third anniversary of the Supreme Court’s contentious Citizens United ruling, NJPIRG today presented Billion Dollar Democracy, a new report by the NJPIRG Law & Policy Center and Dēmos. NJPIRG and the New Jersey for the Overturn of Citizens United (NJOCU) coalition were joined by Liz Lempert, the mayor of Princeton.

 

> Keep Reading
News Release | NJPIRG Law & Policy Center | Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A report released today spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government, go on to claim such settlement payments as tax-deductible business expenses.

> Keep Reading
News Release | NJPIRG | Health Care

Gov. Christie's Veto Means More Delays for Health Reform

Gov. Christie vetoed legislation today that would have created a health insurance exchange in New Jersey.

> Keep Reading

Pages

Report | NJPIRG | Budget

Toward Common Ground

To break through the ideological divide that has dominated Washington this past year and offer a pathway to address the nation’s fiscal problems, the National Taxpayers Union and U.S. PIRG joined together to identify mutually acceptable deficit reduction measures. This report documents our findings.

> Keep Reading
Report | NJPIRG Law and Policy Center | Financial Reform

10 Reasons We Need The CFPB Now

This report outlines predatory financial practices that hurt consumers and helped collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values. It explains these and other emerging problems as “10 Reasons We Need The Consumer Financial Protection Bureau Now.”

> Keep Reading
Report | NJPIRG Law and Policy Center | Safe Energy

Unacceptable Risk

American nuclear power plants are not immune to the types of natural disasters, mechanical failures, human errors, and losses of critical electric power supplies that have characterized major nuclear accidents such as the one at Fukushima Daiichi power plant in Japan. Indeed, at several points over the last 20 years, American nuclear power plants have experienced “close calls” that could have led to damage to the reactor core and the subsequent release of large amounts of radiation.

> Keep Reading
Report | NJPIRG Law and Policy Center | Tax

Tax Shell Game

Tax havens are countries with minimal or no taxes, to which U.S.-based multinational firms or individuals transfer their earnings to avoid paying taxes in the United States. Users of tax havens benefit from access to America’s markets, workforce, infrastructure and security, but pay little or nothing for it—violating the basic fairness of the tax system. Abuse of tax havens inflicts a price on other American taxpayers, who must pay higher taxes—now or in the future—to cover the government’s revenue shortfall, or must deal with cuts in government services.

> Keep Reading
Report | NJPIRG Law and Policy Center | Consumer Protection, Financial Reform

Big Banks, Bigger Fees

PIRG staff conducted inquiries at 392 bank branches in 21 states and reviewed bank fees online in 12 others. This report, “Big Banks, Bigger Fees: A National Survey of Bank Fees and Fee Disclosure Policies,” examines the following questions: 
- How easy is it for consumers to shop around? 
- Can consumers still find free or low-cost checking accounts or has free checking ended? 

> Keep Reading

Pages

Blog Post | Democracy

NJ Assembly Should Move Forward Resolution to Overturn Citizens United

The Supreme Court’s Citizens United ruling has allowed secretive groups to freely and unaccountably spend millions of dollars to sway public opinion on behalf of a few anonymous individual donors and corporations. Wealthy individuals and other, often undisclosed spenders are gaining unprecedented influence in our elections.

Here’s the good news: New Jersey can send a powerful message to Congress that things have to change by passing a State resolution against Citizens United. Let’s get Big Money out of American politics before it drowns out the voices of average voters once and for all.

> Keep Reading
Blog Post | Financial Reform

Financial follies update: Discover Card pays deceptive marketing penalty | Ed Mierzwinski

Discover Card has paid a $14 million civil penalty to the CFPB and FDIC, plus refunded over $200 million to ripped-off consumers, in the latest case involving useless, junk credit insurance and credit monitoring add-ons that consumers didn't buy, but pay for, to credit card bills. Read more for that and other weekend financial follies.

> Keep Reading
Blog Post | Budget, Food

Farm Bill Still Giving Corporate Handouts to Big Ag

The U.S. Senate passed its version of the 2012 Farm Bill, and clearly it is still business as usual. The Farm Bill continues its bad habit of subsidizing a few commodity crops like corn and soy to the tune of billions of dollars. Current subsidies go to the largest agribusinesses, with three quarters of the subsidy payments going to fewer than 4% of U.S. farmers.

> Keep Reading
Blog Post | Tax

Letter from Congressman Frank Pallone on the Stop Tax Haven Abuse Act | Gideon Weissman

Letter from Congressman Frank Pallone to NJPIRG, announcing that he will become a cosponsor of H.R. 2669, the Stop Tax Haven Abuse Act.  This bill will close a tax loophole that costs the American public more than $100 billion every single year.  For more on NJPIRG's work on fair tax policy, see our tax issue page here: http://njpirg.org/topics/tax

> Keep Reading
Blog Post | Democracy

Disempowered Bankers Start Super PAC, Reveal Plans for World Domination

While I am highly skeptical of the sentiment that "Congress is not afraid of bankers", given that banking lobbyists outnumber banking reform advocates 25-1 and that the Chairman of the Senate Financial Services Subcommittee seems to believe that "the banks own the place," the most ridiculous thing about members of the American Bankers Association's announcement of the industry's new Super PAC may be their willingness to reveal its strategy for skirting the non-coordination rules. This speaks volumes about how the industry thinks about its involvement in politics.

> Keep Reading

Pages

Priority Action

We're teaming up with big restaurant chains to stop the overuse of antibiotics on factory farms. Call on KFC to stop selling meat raised on routine antibiotics.

Support Us

Your donation supports NJPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

CONSUMER ALERTS

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code