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Ed Mierzwinski
Senior Director, Federal Consumer Program

President Biden's recent Executive Order on promoting competition in the economy includes several specific recommendations on improving competition in the financial sector. It proposes that the CFPB give consumers more choices by giving them control of their financial data. It proposes that regulators strengthen oversight of bank mergers, which for years have been routinely rubber-stamped. While it doesn't specifically address the payment system oligopoly that raises the prices everyone pays, lowering swipe fees is also a logical outcome of the EO.

Cover photo of the Marriner Eccles Federal Reserve Building, Washington, DC by Rafael Saldaña via Flickr, Some Rights Reserved.

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John Stout
Transform Transportation, Advocate

MASSPIRG urges Joint Committee on Telecommunications, Utilities and Energy to support An act to promote electric vehicle fleets by 2035 (HB 3255/SB 2139) and An act promoting zero-emission vehicles (HB 3347/SB 2151), which are critical to building a healthier and more sustainable transportation future for all residents of Massachusetts, especially children.

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John Stout
Transform Transportation, Advocate

MASSPIRG urges Joint Transportation to support An act relative to transportation governance (HB 3542/SB 22266) and An act relative to fare free buses (HB 3403/SB 2340), which will ensure that the Commonwealth's public transportation systems are more efficient, accessible and sustainable, so that they better serve all residents of Massachusetts, regardless of where they live.

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John Stout
Transform Transportation, Advocate

MASSPIRG urges legislative committee to support An Act to increase regional transit accessibility in the Commonwealth (HB 3412/SB 2277), which would give Regional Transit Authorities the funding they need to provide more robust and sustainable regional public transit service across Massachusetts.

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Mike Litt
Director, Campaign to Defend the Consumer Bureau

The Consumer Financial Protection Bureau celebrated its 10th birthday last Wednesday. It begins its second decade refocused on its mission of protecting you and me after a few years of, ironically, championing shady business practices over consumers. The agency’s first decade was full of success, setbacks, and promise.

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Deirdre Cummings
Legislative Director

MASSPIRG urges legislative committee to oppose SB 183/HB 407, An Act further regulating business practices between motor vehicle dealers, manufacturers, and distributors which would roll back important consumer protections under existing state laws, and open the flood gates to the sale of unsafe and dangerous unrepaired recalled cars on our roadways

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Ed Mierzwinski
Senior Director, Federal Consumer Program

Today, the U.S. House takes a key vote. HR2668, the Consumer Protection and Recovery Act, would restore the FTC's Section 13(b) authority to hold wrongdoers accountable and compensate consumer-victims harmed by their actions. The Supreme Court had recently ruled that the power, used for over 40 years to recover billions, was not clearly articulated in law.

Cover photo via Flickr by Mr. Blue MauMau, some rights reserved.