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News Release | U.S. PIRG | Consumer Protection

PIRG Commends Supporters of Duckworth Amendment to Protect Our Troops From High-Cost Loans

Last night, on a 32-30 bipartisan vote, the House Armed Services Committee supported the Tammy Duckworth (IL) amendment to strike language from the National Defense Authorization Act that would have delayed Pentagon-proposed improvements to the Military Lending Act of 2007. It's a critical victory for servicemembers, veterans and their families, although the fight to protect our troops from high-cost loans will continue.

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Blog Post | Consumer Protection

U.S. House Considers Delay To Financial Protections for Servicemembers, Veterans | Ed Mierzwinski

(UPDATED 30 April): Last year the Department of Defense proposed needed improvements to the 2007 Military Lending Act, since high-cost lenders were exploiting loopholes to evade the law's 36% APR cap on loans to servicemembers to make loans at 400% APR or more, harming military families and threatening unit preparedness to defend the nation. Now, days before a committee vote, predatory lenders have succeeded in convincing House Armed Services Committee leaders to insert language into the National Defense Authorization Act that would delay the DoD regulations up to a year while needless, redundant studies are prepared. Only in Washington.

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News Release | U.S. PIRG | Consumer Protection

PIRG Commends Release of Labor Dept.'s Proposed Rule To End Conflicted Retirement Advice

PIRG today commended the public release of the Department of Labor’s proposed rule that would strengthen the ability for Americans to save for retirement by addressing conflicts of interest that arise when brokers and financial advisers give retirement advice. Wall Street will fight the rule hard, because it requires them to put consumers first.

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Blog Post | Consumer Protection

CFPB Begins Payday Regulation Push In Richmond | Ed Mierzwinski

We joined the CFPB in Richmond Thursday for a field hearing on a proposed rule to regulate payday lending and similar high-cost short-term loans. The CFPB's draft rule is comprehensive, covering a variety of loans, but it contains potential loopholes that we and other advocates will urge the bureau to close before it finalizes this important effort. Here's a short blog with some photos from Richmond.

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Blog Post | Public Health

Some Good, Some Bad in Obama Administration Plan to Protect Antibiotics | Sujatha Jahagirdar

Today, the National Task Force for Combatting Resistant Bacteria released a five-year action plan to tackle the growing problem of antibiotic resistance.  While the plan will take several important steps necessary to control the spread of antibiotic-resistant bacteria, it will miss the opportunity to call for critical reforms in the agricultural sector that are essential to protect public health.

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Media Hit | Transportation

The Bristol Press: Report Maps Detours Taken by Highway User Fees

A common misperception is that road-building is paid for by user fees. However, the ConnPIRG. report, “Setting the Record Straight on Transportation Funding,” shows that gas taxes cover barely half the costs of building and maintaining roads in the state.

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News Release | Transportation

Myth Busted: Roads Not Covered By Gas Taxes

HARTFORD – Today the Connecticut Public Interest Research Group (ConnPIRG) released a new report, Do Roads Pay for Themselves? Setting the Record Straight on Transportation Funding, that disproves the common misperception that road-building is paid for by user fees. The report shows that gas taxes cover barely half the costs of building and maintaining roads, a fraction which is likely to fall steadily.

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Proposed Interchange Fee Reduction is a Win for Consumers

Today ConnPIRG applauded the proposed regulations of the Federal Reserve Board of Governors to decrease swipe fees on debit card transactions.  Consumers however, hope to see the Fed adopt a much greater reduction in interchange fees in the final rule due in April, 2011.

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News Release | Consumer Protection

Consumer and Safety Groups Laud Strongest Crib Standards in the World

A coalition of consumer and safety groups praised the Consumer Product Safety Commission (CPSC) for voting today to approve the strongest crib safety standards in the world.  

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News Release | Food

Senate Passes Historic Food Safety Bill

HARTFORD - Statement of ConnPIRG's Federal Public Health Advocate, Liz Hitchcock on the FDA Food Safety Modernization Act, which passed the U.S. Senate by a 73 to 25 vote earlier this morning.

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