Financial Reform

News Release | MASSPIRG | Consumer Protection, Financial Reform

AG Coakley Announces Big Bank Foreclosure Suit

The reckless and predatory Wall Street practices collapsed our economy in 2008, causing trillions of dollars in lost savings, jobs and home ownership.  Today, Massachusetts Attorney General Martha Coakley filed suit against five national banks in connection with their roles in pursuing illegal foreclosures on properties in Massachusetts.

News Release | MASSPIRG | Financial Reform

Insurers Barred from Using Credit Scores In Setting Auto Insurance Rates

MASSPIRG is continuing to  push for reforms prohibiting insurers from using other rating  factors not related to consumers’ driving record   including  type of employment,  and home ownership. 

 

 

News Release | MASSPIRG | Consumer Protection, Financial Reform

Bank of America Cancels Monthly Debit Card Fees As Consumers Vote With Feet

When Bank of America recently announced its $5 monthly debit card fee, MASSPIRG called it excessive. We also reminded consumers that if ever there was a time to find a new local bank or credit union this would be it.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Another Big Bank Charging Big Fees

As their latest entry into the bank fee frenzy, Bank of America (BofA) is rolling out a new $5/month debit card fee.

Toward Common Ground

This report documents the joint findings of the National Taxpayers Union and U.S. PIRG, identifying mutually acceptable deficit reductions.

Report | Americans for Financial Reform | Consumer Protection, Financial Reform

10 Reasons WE Need the CFPB Now

This report outlines predatory financial practices that hurt consumers and helped collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Congress Handcuffing the Consumer Cop

The Credit CARD Act, passed in Congress in 2009, has eliminated numerous credit card tricks and traps without causing skyrocketing interest rates or any of the other horrible side-effects that the banks once warned about. In spite of that success, the banks and their Congressional allies are now seeking to eliminate the CFPB.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Senate Republicans to President Obama re: gutting the Consumer Financial Protection Bureau (CFPB)

United States Senator Richard Shelby (R-AL), ranking member on the Senate Banking Committee, along with Republican leader Mitch McConnell (KY) and all but two of his 44 Republican colleagues in the U.S. Senate have told President Obama in a letter that there will be no deal on Elizabeth Warren or anyone else to run the CFPB unless it is weakened substantially as proposed in several bills being considered in Congress.

Tax Shell Game

National elected leaders have recently proposed a range of spending cuts. The vast majority of these cuts come from programs widely viewed as providing broad public benefits or serving national priorities, including programs providing access to higher education, food safety, product safety, clean air and drinking water, and financial sector oversight to protect consumers and avoid future bank bailouts. In addressing the deficit, our leaders should examine all areas of spending where programs do not deliver benefits to the public. Our leaders should also address spending that takes place through tax code exemptions and through the appropriations process. These expenditures have the same impact on the national deficit as direct spending, and they should also be transparent, accountable and serve the public.

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DEFEND THE CFPB

Tell your representative 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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