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 | by
Douglas H. Phelps
Chairman, U.S. PIRG; President and Executive Director, The Public Interest Network

Donald Ross passed away on May 14 after a recent illness. He was 78 years old.

Postcard of FTC Building
 | by
Ed Mierzwinski
Senior Director, Federal Consumer Program

Last year, the Supreme Court eliminated the FTC's key authority to disgorge ill-gotten gains from corporate wrongdoers and use the money to compensate their victims. It was an unfortunate decision that benefited a convicted payday lender who fleeced thousands of victims and will allow brand name Big Pharma firms that block lower-cost generic competitors and other wrongdoers to escape billions of dollars in restitution. The Senate Commerce Committee is voting tomorrow on a bill to restore FTC powers.

-- Cover graphic of FTC Building via Flickr, by Boston Public Library, Some rights reserved.

Payment card terminal

Merchants pay swipe fees to accept credit and debit cards and are forced by card network rules to pass the costs on to all consumers, including cash customers, with higher prices at the store and at the pump. As I told the Senate, the big banks are happy with inflation -- when gas prices double, their percentage-based swipe fee revenue doubles – without the banks making anything or doing anything.”

Cover photo: whyframes studio via iStock