Financial Reform

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.

Report | Good Jobs First | Budget, Financial Reform, Tax

Show Us the Stimulus (Again)

A report released today shows that many states are making dramatic improvements in websites designed to disseminate information about their share of the $787 billion American Recovery and Reinvestment Act (ARRA), while others have failed to make vital information available.

News Release | MASSPIRG | Democracy, Financial Reform

Citizens United Opinion Unleashes Flood of Corporate Money in Campaigns

Today’s Supreme Court decision in Citizen’s United vs. Federal Election Commission has blown open the gates, in place for decades, that kept the most powerful corporations constrained in election financing.

News Release | MASSPIRG | Financial Reform

President Obama’s “Crisis Fee”: Good First Step, But Banks Owe Much More

MASSPIRG is calling the “Financial Crisis Responsibility Fee” announced by President Barack Obama yesterday a good first step toward paying taxpayers back for the money they lent out to boost the banks, and, thus, the economy.

Massachusetts Stimulus Website

hree watchdog groups released their findings about the strengths and weaknesses of the state’s American Recovery and Reinvestment Act website – www.Ma.gov/recovery .

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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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