SENATE TAKES HISTORIC STEP TOWARD REINING IN WALL STREET, PROTECTING CONSUMERS
Senate passage of the Restoring American Financial Stability Act, S. 3217, tonight was long over-due and sets the stage for final passage of an historic reform. This bill to rein in Wall Street is a...
View ArticleConsumer Financial Protection Bureau on Track for July Launch
Six months after Wall Street reform legislation creating the new Consumer Financial Protection Bureau (CFPB) was signed, a leading coalition released Halfway to the CFPB: An AFR Progress Report on...
View ArticleProfessor Elizabeth Warren and New Consumer Bureau Launch Website –...
Statement of TexPIRG Advocate Melissa Cubria on the launch of the Consumer Financial Protections Bureau's new website.
View ArticleBig Banks, Bigger Fees
Since Congress largely deregulated consumer deposit (checking and savings) accounts beginning in the early 1980s, the PIRGs have tracked bank deposit account fee changes and documented the banks’...
View ArticleNew Survey Shows Banks Still Hiding Fees from Consumers
A survey of more than 500 bank branches released today by the Texas Public Interest Research Group revealed that fewer than half of branches obeyed their legal duty to fully disclose fees to...
View ArticleHouse Approves Wall Street Reform Package
Responding to the worst financial crisis since the Great Depression, the House today approved the conference report on the Wall Street Reform and Consumer Protection Act, HR 4173. The bill is strong...
View ArticleHistoric Wall Street Reform Ready For Final Passage
Responding to the worst financial crisis since the Great Depression, the Senate this morning passed a motion to proceed (“cloture vote,” with 60 “Yes” votes required) on the Wall Street reform...
View ArticleNew consumer agency starts to protect Americans from deceptive practices
Statement of Melissa Cubria, TexPIRG, On Passage of HR 1315 to Weaken Consumer Financial Protection Bureau
View ArticleNew Report Highlights Reasons for New Consumer Protections
TexPIRG Education Fund and Americans for Financial Reform released the report to highlight that on July 21 the Consumer Financial Protection Bureau (CFPB) starts its job as the first federal agency...
View ArticleWhat America Could Do with $150 Billion Lost to Offshore Tax Havens
Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes,...
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