Financial Reform

News Release | MASSPIRG | Financial Reform

Statement of MASSPIRG Executive Director Janet Domenitz Opposing “CRomnibus” Appropriations "Rider" to Repeal the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act

We join others, including Americans for Financial Reform and the Leadership Conference on Civil and Human Rights, in condemning this backdoor, backroom appropriations "rider" to weaken the Wall Street reform law's protections for taxpayers and Main Street from the risky derivatives swaps that led to the 2008 financial collapse and recession.

Sovereign near top of regulator’s list of bank complaints

Two of the region’s biggest banks are near the top of a list of the most complained-about banks in the country.

3 Boston area banks ranked among worst on complaints

New MASSPIRG Education Fund Report report ranks banks' record in generating and resolving consumer complaints. 

News Release | MASSPIRG Education Fund | Consumer Protection, Financial Reform

New Report Identifies Banks Consumers Complain About

New report highlights banks that generated the most complaints through their various banking services in each state. Thousands of Americans are using the Consumer Financial Protection Bureau’s (CFPB) public Consumer Complaints Database to settle disputes with their banks, according to a new report from the MASSPIRG Education Fund.

Report | MASSPIRG Education Fund | Consumer Protection, Financial Reform

Big Banks, Big Complaints

New report by MASSPIRG Education Fund highlights banks that generated the most complaints through their various banking services in each state. Data from new CFPB consumer complaint data base.

News Release | MASSPIRG | Consumer Protection, Financial Reform

SENATE CONFIRMS CFPB DIRECTOR CORDRAY

Statement of Deirdre Cummings, Legislative Director for MASSPIRG, on the Senate Confirmation of Richard Cordray to Full Term as Consumer Financial Protection Bureau (CFPB) Director. Senators Warren and Markey vote for consumers.

 

2011-12 Legislative Scorecard

At the end of each 2-year legislative session, MASSPIRG grades state legislators' votes on key public interest issues.

A New Direction In Driving Trends

After a 60 year boom, driving is on the decline in the U.S. and no likely scenario shows it returning to previous levels of growth. 

Collins, Ayotte stand in way of new consumer protection bureau

KUDOS TO Senator Elizabeth Warren for coming out swinging against the big banks at her first Senate Banking Committee hearing, urging regulators to finally hold the banks accountable and leading the fight to defend the Consumer Financial Protection Bureau.

SENATORS HOLD CFPB DIRECTOR HOSTAGE, ROIL MARKETS

By | Deirdre Cummings
Legislative Director

On Friday, most Senate Republicans again sent the President a letter saying they would not confirm Richard Cordray to a full term as CFPB director unless the agency's powers and independence were first gutted. Their intransigence contributes to market uncertainty that ignores at least three things: The CFPB is here to stay; the public wants the CFPB; and, banks lose to payday lenders if the director is not confirmed.

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