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Blog Post | Consumer Protection

Will Wells Fargo CEO Tell Senate "No Clawbacks" of Exec's Golden Parachute? | Ed Mierzwinski

Wells Fargo CEO John Stumpf goes before the Senate Banking Committee Tuesday (9/20) to explain the recent $185 million in combined civil penalties by the CFPB and other regulators over a sales goals incentive scandal that led to employees opening some 2 million fake, secret accounts without the knowledge of customers. How will he respond to the growing public clamor for a clawback of bonuses paid his top retail executive Carrie Tolstedt, whose retirement with a $125 million golden parachute package had been announced earlier this summer? 

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Blog Post | Consumer Protection

Wall Street Ramps Up Attacks on Wall Street Reform | Ed Mierzwinski

On Friday, the House overwhelmingly approved a Wall Street-driven proposal to weaken oversight of private equity firms, taking a chunk out of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. But wait, there's so much more: On Tuesday the House Financial Services Committee takes up the so-called "Financial Choice Act," which eviscerates most of Dodd-Frank's key reforms, from stripping powers of the Financial Stability Oversight Council to repealing the Volcker Rule, which reins in risky betting practices that use depositors' money. As for the CFPB (which just this week issued its biggest fine to date, $100 million against Wells Fargo Bank for opening hundreds of thousands of fake and secret consumer accounts to meet sales goals), the proposal would defund and defang it and delay or stop its efforts to rein in unfair practices of payday lenders, debt collectors and banks. Many of the Financial Choice Act's provisions also pose threats as budget bill "riders."

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Report | ConnPIRG Education Fund | Consumer Protection

Predatory Loans & Predatory Loan Complaints

This is the seventh in a series of reports that review complaints to the Consumer Financial Protection Bureau. In this report, we explore consumer complaints about predatory loans, categorized in the database as payday loans, installment loans, and auto title loans.

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Blog Post | Consumer Protection

Good news! CFPB Adding Consumer Ratings of Company Responses to Complaint Database | Ed Mierzwinski

The CFPB is making a good public consumer complaint database better. In 2015, the CFPB added optional consumer narratives, or stories, to its public consumer complaint database, giving other consumers, researchers and even other firms a new way to help study complaint patterns. Now, it will give consumers a chance to “rate the company’s handling of his or her complaint on a one-to-five scale and provide a narrative description in support of the rating.”

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News Release | U.S. PIRG | Public Health

More Than 350,000 Urge KFC to Prevent Abuse of Antibiotics in Its Chicken Supply

Today, representatives from the U.S. Public Interest Research Group (U.S. PIRG), the Natural Resources Defense Council (NRDC) and the Food Animals Concern Trust (FACT) will deliver more than 350,000 petitions from consumers nationwide to Kentucky Fried Chicken’s (KFC) headquarters in Louisville, while calling on the nation’s largest fried chicken chain to end the routine use of antibiotics by chicken producers in its supply chain. The petition signatures were also collected by the Center for Science in the Public Interest and CREDO Action. 

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News Release | ConnPIRG Education Fund | Budget

ConnPIRG Statement on Governor Malloy's New Data Transparency Executive Order

Governor Malloy announced today that he has signed an executive order to collect and make available online raw government data.

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News Release | ConnPIRG | Solid Waste

ConnPIRG Delivers Valentines, over 4,000 petitions supporting an Updated Bottle Bill to Legislators

On Valentine’s Day, ConnPIRG staff, student volunteers and citizen members delivered over 4,000 petitions to legislators asking for an update to the Bottle Bill.

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News Release | ConnPIRG Education Fund | Transportation

New Report: University Campuses, Like UConn, Are Transportation Trailblazers as Students Lead Shift From Driving

As Millennials lead a national shift away from driving, universities are giving students new options for getting around and becoming innovators in transportation policy, according to a new report released by ConnPIRG.

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News Release | ConnPIRG | Democracy

ConnPIRG Applauds the Introduction of the Government by the People Act

ConnPIRG applauded Representatives Courtney, DeLauro, Esty, Himes, and Larson today for co-sponsoring new legislation aimed at raising the voices of everyday people in the political process. Every member of the Connecticut House Delegation is a co-sponsor of the Government By the People Act (H.R. 20), legislation that would allow candidates to run competitive campaigns for office by relying on small dollar donors.

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News Release | ConnPIRG Education Fund | Tax

Connecticut could save $19.4 million with proven method to curb offshore tax dodging, new study finds

Connecticut taxpayers could save $19.4 from a reform to crack down on offshore tax dodging, according to a new report released today by ConnPIRG Education Fund. The reform, which has already been proven effective in Montana and passed in Oregon, would require companies to treat profits booked to notorious tax havens as domestic taxable income.

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Blog Post | Consumer Protection

ConnPIRG Testifies in Support of S.B. 1176, “An Act Concerning Electric Rate Relief”

Jennifer Hatch, ConnPIRG Program Associate, testified before the Connecticut General Assembly Energy and Technology Committee in Support of S.B. 1176, “An Act Concerning Electric Rate Relief”.

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Defend the CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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