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Blog Post | Consumer Protection

Will Wells Fargo CEO Tell Senate "No Clawbacks" of Exec's Golden Parachute? | Ed Mierzwinski

Wells Fargo CEO John Stumpf goes before the Senate Banking Committee Tuesday (9/20) to explain the recent $185 million in combined civil penalties by the CFPB and other regulators over a sales goals incentive scandal that led to employees opening some 2 million fake, secret accounts without the knowledge of customers. How will he respond to the growing public clamor for a clawback of bonuses paid his top retail executive Carrie Tolstedt, whose retirement with a $125 million golden parachute package had been announced earlier this summer? 

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Blog Post | Public Health

Petition: FDA Needs To Act On Antibiotics | Emily Rusch

Today, CALPIRG joined NRDC in a petition to the U.S. Food and Drug Administration, challenging the agency to do what the law requires of it — protect the health of Americans from the misuse of antibiotics. 

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Blog Post | Consumer Protection

Wall Street Ramps Up Attacks on Wall Street Reform | Ed Mierzwinski

On Friday, the House overwhelmingly approved a Wall Street-driven proposal to weaken oversight of private equity firms, taking a chunk out of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. But wait, there's so much more: On Tuesday the House Financial Services Committee takes up the so-called "Financial Choice Act," which eviscerates most of Dodd-Frank's key reforms, from stripping powers of the Financial Stability Oversight Council to repealing the Volcker Rule, which reins in risky betting practices that use depositors' money. As for the CFPB (which just this week issued its biggest fine to date, $100 million against Wells Fargo Bank for opening hundreds of thousands of fake and secret consumer accounts to meet sales goals), the proposal would defund and defang it and delay or stop its efforts to rein in unfair practices of payday lenders, debt collectors and banks. Many of the Financial Choice Act's provisions also pose threats as budget bill "riders."

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Media Hit | Democracy

Sacramento Bee Op-Ed: Bill would empower small campaign donors over special interests, megadonors

Imagine a private company is hiring new staff, but for 82% of the applicants who make it past a first round interview, the business decides to go with the wealthier job applicant. That sounds outrageous, it sounds unfair, and it certainly doesn’t sound like good practice when it comes to hiring the most qualified applicants. But that’s similar to what’s happening in American elections.

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Blog Post

And that's a Wrap! | Emily Rusch

On August 31st the California state legislature wrapped up its work for the year, sending hundreds of new bills to Governor Brown’s desk - including bills to reduce harmful global warming pollution protect consumers from surprise medical bills, protect homeowners at risk of foreclosure, restore campaign finance options to reduce the influence of big money in politics, and give voters more options for casting their ballot. 

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News Release | Public Health, Food

A Letter to In-N-Out

"Your customers care deeply about addressing antibiotic overuse on livestock. In order for your customers and the public at large to have confidence that the company has a strong antibiotics policy, we urge the company to take the following next steps..."

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Media Hit | Transportation

Sacramento Bee: Public Transit Needs More Investment

The central premise of the recent opinion piece, “Invest tax dollars in roads, not public transportation” is that Californians have given up on public transit, and we need to invest more in roads instead. The truth is that public transit provides a critical service, demand for which is near record highs - though investments have largely been drowned out by overinvestment in roads.

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News Release | Public Health

Over 50 Groups Call on Restaurant Chain to Change Beef Sourcing Policies

As a significant purchaser of meat, we believe that In-N-Out has a major opportunity and responsibility to address this growing public health threat. Our groups call on In-N-Out to make commitments on antibiotic stewardship.

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News Release | U.S. PIRG Education Fund | Democracy

Movement to Fight Big Money Sets Sights on State, Local, and Federal Reforms in 2016

On Monday, U.S. PIRG and a coalition of six national organizations released “Our Voices, Our Democracy: Victories Since Citizens United and the Road Ahead Empowering Voters Over Wealthy Special Interests"

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News Release | U.S. PIRG | Consumer Protection, Financial Reform

More Than 100 Groups Insist on No Riders in Spending Legislation

The day before the White House is expected to release its fiscal year 2017 budget proposal, a coalition of more than 100 groups, including U.S. PIRG, sent a letter calling on President Barack Obama and all 535 members of Congress to oppose any federal appropriations bill that contains ideological policy riders.

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Report | CALPIRG Education Fund | Consumer Protection, Higher Ed

Private Loans, Public Complaints

New report, “Private Loans, Public Complaints” is the second in a CALPIRG Education Fund series that analyzes the data in the CFPB’s Consumer Complaints Database, which accepts complaints relating to a variety of financial products and services.

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Report | CALPIRG Education Fund | Consumer Protection

Big Banks, Big Complaints

In this report we explore consumer complaints to the CFPB about bank accounts and services with the aim of uncovering patterns in the problems consumers are experiencing with their banks.

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Report | CALPIRG | Safe Energy

Fact Sheet: Ratepayer Impact for the Decommissioning of the San Onofre Nuclear Power Plant

On June 7, 2013 Southern California Edison (SCE) announced that it will permanently retire the remaining reactor units of its San Onofre nuclear power plant. This announcement concluded the saga of the failed multimillion-dollar upgrade project designed to extend the life of California’s largest nuclear power plant.

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Report | CALPIRG Education Fund | Transportation

Moving off the Road

Californians have cut their per-person driving miles by 6.6 percent since 2005, while the nation’s long term driving boom appears to have ended, according to a new report from the CALPIRG Education Fund.

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Report | CALPIRG | Tax

Offshore Shell Games

This study reveals that tax haven use is ubiquitous among the largest 100 publicly traded companies as measured by revenue. 

82 of the top 100 publicly traded U.S. companies operate subsidiaries in tax haven jurisdictions, as of 2012. 

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Blog Post

This Week in the Legislature | Emily Rusch

Thirteen CALPIRG-backed public health, consumer protection, corporate accountability and good government bills have key legislative hearings this week. Here's a list of bills we are watching and hoping that legislators support this week.

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Video Blog | Consumer Protection

John Oliver Takes Aim At Credit Reports In 'Last Week Tonight'

Last Week Tonight with John Oliver explained how credit reports play a surprisingly large role in our lives, but even more surprising is how often they contain critical mistakes. John Oliver helps credit bureaus see why this is a problem – and that Judy still hasn’t been able to resolve her mixed up identity.

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Blog Post | Consumer Protection

Time To Defend CFPB as Senate Banking Committee Aims Sights at It | Ed Mierzwinski

UPDATED 12 April: The Senate Banking Committee held a stacked hearing on "Assessing Consumer Regulations" yesterday (5 April), although our one pro-consumer witness and pro-CFPB Senators defended consumer protection ably as three industry-backed witnesses and their supporters on the committee had a great deal of trouble proving their case that the CFPB should be dismantled. Tomorrow morning, (7 April) CFPB Director Richard Cordray will present the statutory "Semi-Annual Report of the CFPB" to the committee. We submitted a statement to be entered into the hearing record, as did other Americans for Financial Reform coalition members.

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Blog Post | Consumer Protection

What is payday lending? | Kathryn Lee

We are a leading member of Americans for Financial Reform, a coalition that was instrumental in the creation of the Consumer Financial Protection Bureau (CFPB) by Congress in 2010. The CFPB is currently working on a rule to reign in the payday lending industry. We, along with AFR, are working to make sure the rule is a strong one. 

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Blog Post | Consumer Protection

Lowering your APR might be easier than you think | Kathryn Lee

Many Americans are walking around with a balance on their credit card because of high interest rates, or annual percentage rate (APR) charges for unpaid balances. It's best to pay off your balance in full but if you don't or can't, a higher APR makes your debit grow faster. What most people don’t realize is this APR can be negotiated to a lower rate.

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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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