Financial Reform

News Release | MASSPIRG | Consumer Protection, Financial Reform

Senator Scott Brown Must Vote for Wall Street Reform

Senator Scott Brown remains uncommitted to voting for Wall Street reform, saying only that he will review the legislation over the July 4th recess next week.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Bay Staters Send Message to Senator Brown

To show the continued momentum on Main Street for financial reform, advocates from the Massachusetts delegation of Americans for Financial Reform delivered 4,000 petitions to Senator Scott Brown, urging him to once again vote with Main Street and pass Wall Street reform Legislation.

News Release | MASSPIRG | Consumer Protection, Financial Reform

SENATE TAKES HISTORIC STEP TOWARD REINING IN WALL STREET, PROTECTING CONSUMERS

Senate passage last night of the Restoring American Financial Stability Act, S. 3217, was long overdue relief for consumers and taxpayers in Massachusetts and the country.

Senate Votes Down Broad Attack on State Enforcement of Wall Street Reforms

Yesterday, the U.S. Senate voted down a broad crippling amendment offered by Sen. Bob Corker (R-TN) to the Wall Street Reform bill.

Out of the Shadows

In Massachusetts, quasi-public agencies perform vital government functions, delivering essential services such as operating public buses and rail systems, delivering drinking water and managing public pensions.Unfortunately, quasi-public authorities operate largely under the radar in Massachusetts, this study uses data provided to us by the quasi-public agencies in response to public records requests, as well as public audits and online searches, to examine the size and scope of quasi-public agencies in Massachusetts and the extent to which their budgets and decision-making are open to the public.

News Release | MASSPIRG | Democracy, Financial Reform

The DISCLOSE Act is a Critical First Step to Prevent a Corporate Takeover of Democracy

The DISCLOSE (Democracy Is Strengthened by Casting Light On Spending in Elections) Act includes a set of strong and necessary reforms which will help protect American elections from the flood of corporate money made legal in the January 21 Supreme Court ruling.

Tax Shell Game

The IRS estimates that individuals and corporations currently hold $5 trillion in tax haven countries and asserts that the United States is responsible for a large portion of these assets.

Following the Money

The ability to see how government uses the public purse is fundamental to democracy. Spending transparency checks corruption, bolsters public confidence in government, and promotes fiscal responsibility.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Improved Financial Reform Bill Moves to Senate Floor

Chairman Christopher Dodd and a majority of the Senate Banking Committee voted on Monday evening to move a Wall Street reform package to the Senate floor.

News Release | MASSPIRG | Consumer Protection, Financial Reform

Historic New Credit Card Rules Ban Tricks and Traps

The Credit Card Accountability, Responsibility and Disclosure Act (Credit CARD Act) bans hair-trigger interest rate increases and other unfair credit card practices. The Act goes into effect today and makes it illegal for credit card companies to profit by tricking customers into paying late and then tripling the interest rate on their balances.

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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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