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Blog Post | Higher Ed

Obama's New Consumer Finance Chief Can Lower Student Debt

President Obama took a bold and important step this week, standing up for student consumers by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau (CFPB). The president's action means that the CFPB now has all its powers to protect students from unfair financial practices that pile on student debt, including lenders offering dangerously expensive private student loans and aggressive credit and debit card marketing.

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News Release | NJPIRG | Financial Reform

President’s Recess Appointment Gives Watchdog Teeth It Needs

Kudos to President Obama for standing up for consumers this week by making a recess appointment of former Ohio Attorney General Richard Cordray to head the new Consumer Financial Protection Bureau. The President’s action means that the CFPB now has all its powers to protect the public from unfair financial practices, whether by banks or other financial firms, such as payday lenders and credit bureaus. 

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Media Hit | Transportation

The Star-Ledger: Report: Gas tax, car charges only cover half the cost of road maintenance

Amid a debate over whether New Jersey should increase its low gasoline tax to shore up the nearly broke transportation fund, a report released today cautions that gas taxes and other vehicle charges pay only half the cost of building and maintaining the nation’s roads.

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News Release | NJPIRG | Consumer Protection, Financial Reform

’Tis the Season For Prepaid Card Hidden Fees

As consumers flock to retailers during the holiday season and as the use of prepaid cards continues to expand rapidly, NJPIRG joined Senator Robert Menendez (D-NJ) to introduce The Prepaid Card Consumer Protection Act to curb hidden fees associated with many of these cards.

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News Release | NJPIRG | Consumer Protection, Financial Reform

NJPIRG and NJCA React to CFPB Vote

Wall Street won a victory over hard-working consumers today.  By blocking a vote to confirm Richard Cordray as director of the Consumer Financial Protection Bureau, 45 Senators gave in to Wall Street instead of standing up for the public. 

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