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Blog Post | Financial Reform

Banks Cook Books To Promote Wrong Choice Act, Attack CFPB | Ed Mierzwinski

Today the House Financial Services Committee takes up the so-called Financial Choice Act, which we call the Wrong Choice Act, to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and leave the CFPB an unrecognizable husk incapable of protecting consumers. Some 52 state bank associations urged support of the bill, based on a "cook-the-history-books" analysis of bank consolidation, which has not increased since 2010, even though they make the claim based on preposterous math.

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High lead levels found in water at hundreds of schools

Hundreds of Massachusetts schools found to have lead in drinking water.

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News Release | MASSPIRG | Transportation

Regional Transportation Bill Clears MA Legislative Committee

A state house committee passed a key regional transportation initiative, a major step in improving and expand regional transportation options. The Massachusetts Joint Committee on Revenue reported favorably on the Regional Transportation Ballot Initiative bill (S.1551), introduced by Senator Eric Lesser (East Longmeadow).

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News Release | MASSPIRG | Consumer Protection

Latest CFPB Complaints Report Shows 316% Increase in Student Loan Servicing Complaints for Massachusetts Students

United States House of Representatives Financial Services Chairman Jeb Hensarling (TX) will hold a Wednesday hearing on his so-called Financial Choice Act 2.0.  The bill leaves Massachusetts consumers and our economy even more vulnerable to Wall Street's recklessness than before the '08 crisis by taking aim at all of the 2010 Dodd-Frank Act’s protections caused by unfair bank practices abetted by regulatory failures.

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Blog Post | Consumer Protection

Financial Choice Act: A Cruel Choice for the CFPB & Consumers | Deirdre Cummings

This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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News Release | U.S.PIRG | Consumer Protection

Strong National Payday Rule Could Save Consumers Billions

Today, the Consumer Financial Protection Bureau (CFPB) released its draft high cost small dollar lending (payday and auto title) loan rule for public comment. 

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News Release | MASSPIRG | Public Health

STATEMENT OF U.S. PIRG ON PIZZA HUT’S ANTIBIOTICS COMMITMENT

Pizza Hut announced that by the end of March 2017 it will no longer use chicken raised on antibiotics important to human medicine for its pizzas.

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LATimes: Obama's consumer protection legacy defined by aggressive agency

[This weekend, the Los Angele Times chronicled President Obama's consumer protection record, with heavy emphasis on the history and fight over the Consumer Financial Protection Bureau (CFPB):]

"[...] Launched in the wake of the 2008 financial crisis, the bureau is one of President Obama’s signature accomplishments. [...] “I think you have to consider him a tremendous president for consumers,” said Ed Mierzwinski, consumer program director at the U.S. Public Interest Research Group."

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Media Hit | Transportation

A Roadmap to Zero-Carbon Transportation

Our staff attorney Kirstie Pecci joined Tony Dutzik on BNN to discuss their vision for a zero-carbon transportation future.

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News Release | MASSPIRG | Democracy

LEGISLATURE PASSES CRITICAL PUBLIC RECORDS REFORM BILL

The Massachusetts House and senate voted unanimously in support of H.4333, a much needed overhaul of the Commonwealth's public records law, which has not been updated since 1973. The bill strengthens state and local government transparency and accountability, and promotes citizen participation.

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Course Correction

Textbooks are an essential but increasingly expensive part of obtaining a college degree. With students spending between $700 and $1,000 per year and prices rising faster than inflation, the need for a solution is increasingly urgent.

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Total Recall

Already more toys and children's products have been recalled in the first half of this year than in the first half of last year, a supposed "100-year-flood" period. Yet the remedial CPSC reform legislation passed overwhelmingly by both the House and Senate in response to that 2007 recall wave has yet to become law. It is stalled in conference committee, where both the toy and chemical industries seek to block, weaken or delay some of its most critical reforms.

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Squandering the Stimulus

Nothing illustrates how the lack of transportation options hurts consumers and our economy more than the fact that, since approval of the tax rebates in February, Americans on average have already spent the amount of their stimulus checks at the pump. We can reduce our crippling dependence on oil through long-term solutions that will make it easier for Americans to drive less. Modern buses, light rail, commuter rail and other forms of transit more efficiently move passengers with less fuel.

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The Campus Credit Card Trap

Credit card lending is enormously profitable. According to annual Federal Reserve Board of Governors’ (FRB) Reports to Congress, it is the most profitable form of banking. But the credit card industry is saturated.

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Blog Post | Democracy

Press Conference for New Report Documents Big Donor Dominance in 2014 Congressional Elections | Ben Martin-McDonough

As the fifth anniversary of the Supreme Court’s Citizens United decision approaches, MASSPIRG and Demos have co-authored a report, “The Money Chase: Moving from Big Donor Dominance to a Small Donor Democracy.”

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Blog Post | Transportation

Federal government awards $996 million grant to expand Green Line | Kirstie Pecci

The U.S. Department of Transportation announced a $996 million grant to the MBTA to expand the Green Line 4.7 miles from East Cambridge to Somerville and Medford.

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Blog Post | Transportation

Vote No on Question 1 | Ben Martin-McDonough

Vote NO on Question 1 to make sure Massachusetts continues to invest in its roads, bridges, and public transporatation.

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Blog Post | Solid Waste

Janet Domenitz speaks at MassVote Ballot Question Forum on 10/29 | Ben Martin-McDonough

Janet Domenitz represented the Yes on 2 campaign at a MassVote Forum on 10/29 in Roxbury.

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Blog Post | Solid Waste

Janert Domenitz to speak at Ballot Questions Forum on Wednesday, 10/29 | Ben Martin-McDonough

Janert Domenitz to speak at Ballot Questions Forum hosted by the The Boston 500 tonight, 10/29, from 6:30-8pm at the Twelfth Baptist Church on 160 Warren Street in Roxbury

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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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