STATEMENT: U.S. PIRG applauds SEC’s climate disclosure rule
For Immediate Release Monday, March 21, 2022Mike LittProposal would help investors make informed decisions about climate-related financial risksWASHINGTON -- The Securities and Exchange Commission...
View ArticleBanks, Credit Unions and Consumer Groups Call for Passage of Bipartisan...
For Immediate Release Tuesday, April 5, 2022Ed MierzwinskiConsumer_Banks_ILC_LTR.pngWashington, D.C. — A broad coalition of bank and credit union associations and consumer organizations submitted a...
View ArticleSenate Commerce to vote to restore FTC power to compensate victims of...
Last year, the Supreme Court eliminated the FTC's key authority to disgorge ill-gotten gains from corporate wrongdoers and use the money to compensate their victims. It was an unfortunate decision that...
View ArticleFTC consumer chief calls industry's false privacy choices "coercion"
Wow. The FTC's consumer chief gave a powerful speech this week that essentially said "privacy notice and choice" are not enough in a surveillance-based economy. "When we’re expecting consumers to have...
View ArticleUPDATE: Apple Launches BNPL Product: Apple Pay Later
Apple is joining the parade of competitors in the more and more crowded "Buy Now, Pay Later" space, with its version of "pay in four," called Apple Pay Later.6/7/2022Ed MierzwinskiEd MierzwinskiSenior...
View ArticleCFPB wants public input on big bank obstacle course to get customer service
CFPB director Rohit Chopra today announced a request for information about your experiences with your bank. “Customers of large banks should not have to run through an obstacle course to get a straight...
View ArticleUPDATE: More on alleged Zelle app fraud in NYTimes
The NYTimes reports that "When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay." We did a report last year on consumer complaints about Zelle and similar apps.6/20/2022Ed...
View ArticleBank, Credit Union and Consumer Groups Applaud Vote to Close ILC Loophole
For immediate release Thursday, June 23, 2022Ed MierzwinskiWashington, D.C. – The U.S. House Committee on Financial Services convened today to mark up a series of proposed laws, including a bill to...
View ArticleAs the summer of airline delays and cancellations peaks, DOT considers better...
As passengers swelter through a summer of airline delays and cancellations, the U.S. Department of Transportation asked U.S. PIRG to present on whether requiring airlines to provide more information...
View ArticleNew list: Approaching 11th anniversary, top 11 actions CFPB recently took...
For Immediate Release Tuesday, July 19, 2022Mike LittNew director Rohit Chopra, reversing CFPB course from Trump years, protects consumers, draws industry smear campaignWASHINGTON -- As the Consumer...
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