Defend the Consumer Bureau

For more than 20 years, Consumer Program Director Ed Mierzwinski has helped us stand up against big banks and credit card companies.

A CONSUMER COP ON THE FINANCIAL BEAT

You work hard to earn your money. You should be able to save, invest and manage your money without fear of being trapped, tricked or ripped off by the institutions you are trusting with your financial future.

That’s why we need strong consumer protections on Wall Street. And from the 2008 economic collapse, we know how big of an impact those institutions can have on our economy when they play fast and loose with our money. It made it clear: Americans need a watchdog agency on Wall Street, devoted to creating and enforcing fair, clear and transparent rules to protect consumers.

So in 2010, we helped create the Consumer Financial Protection Bureau (CFPB) to be our consumer cop on the financial beat.

THE CFPB GETS THE JOB DONE

Despite the fact that the CFPB is not widely known, they’ve been hugely successful at working for consumers, returning nearly $12 billion to more than 29 million people who were ripped off by companies that broke the law … in just six years.

The Consumer Bureau holds big banks, debt collectors and lenders accountable. Here are a few examples of some of the cases the CFPB has taken on to protect consumers:

When American Honda Finance used discriminatory pricing to rip off African-American, Hispanic and Asia/Pacific Island borrowers who paid too much for car loans, the CFPB returned $24 million to these consumers.

The Department of Justice and 47 states joined the CFPB in a $216 million action against JP Morgan Chase Bank for illegal debt collection practices affecting over half a million Americans.

When it was discovered that Wells Fargo employees were opening unauthorized debit and credit accounts using their customer's information, the CFPB fined Wells Fargo $100 million for fraud.

The CFPB fined Equifax and TransUnion — two of the three largest credit reporting agencies — $5 million for selling inflated credit scores to consumers that were different from ones actually used by lenders and returned $17 million to those harmed by the deception.

In addition, the Consumer Bureau has helped level the financial playing field, educating veterans, senior citizens, new homeowners, college students and low-income consumers on how to keep their finances secure.

The Consumer Bureau's success should be earning it applause in Washington. Yet instead of cheering on the agency, the Trump administration and many members of Congress are pushing to weaken or even get rid of it.

Even with the Consumer Bureau on the job, many Americans are still at risk of reckless financial practices that threaten their homes, their retirement savings and their overall well-being. That’s why we don’t simply need the Consumer Financial Protection Bureau to exist: We need to make it even better, by strengthening commonsense consumer protections.

Issue updates

News Release | Arizona PIRG Education Fund | Consumer Protection

Dozens of Tucson Business Owners Encourage the Arizona Corporation Commission to Increase Investments in Energy Efficiency

With just days before the Arizona Corporation Commission is expected to vote on Tucson Electric Power’s Demand-Side Management Plan, dozens of Tucson business owners encouraged the Commission to increase investment in energy efficiency. The Arizona PIRG Education Fund and the Southwest Energy Efficiency Project, who have been speaking with business owners across Tucson, are hopeful the Commission will vote to restore and increase energy efficiency funding for TEP ratepayers at their upcoming meeting.

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News Release | Maryland PIRG Foundation and Ecology Center | Public Health, Consumer Protection

New Study Reveals Toxic Chemicals in Most Children’s Car Seats

 Today, Maryland PIRG Foundation released a new report from the Ecology Center’s Healthy Stuff program: Hidden Hazards: Flame Retardants and PFAS in Children’s Car Seats. 

> Keep Reading
Report | Maryland PIRG Foundation and Ecology Center | Public Health, Consumer Protection

Hidden Hazards

The Ecology Center's has released test results and product ratings in their 2018 report, Hidden Hazards: Flame Retardants & PFAS in Children's Car Seats. 

> Keep Reading
Report | Maryland PIRG Foundation | Public Health, Consumer Protection

Trouble in Toyland

For over 30 years, Maryland PIRG Foundation has conducted an annual survey of toys to look for safety problems. This research has led to more than 150 toy recalls and other regulatory actions over the years. Our work has also helped educate the public and policymakers on the need for continued action to protect the health and well-being of children. 

> Keep Reading
News Release | Maryland PIRG Foundation | Public Health, Consumer Protection

33rd annual Trouble in Toyland

his holiday season, watch out for dangerous and toxic toys. Maryland PIRG Foundation’s 33rd annual Trouble in Toyland report found toxic amounts of boron in slime products and a failure by Amazon to appropriately label choking hazards. Boron can cause nausea, vomiting and other health issues.

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News Release | Arizona PIRG Education Fund | Consumer Protection

Dozens of Tucson Business Owners Encourage the Arizona Corporation Commission to Increase Investments in Energy Efficiency

With just days before the Arizona Corporation Commission is expected to vote on Tucson Electric Power’s Demand-Side Management Plan, dozens of Tucson business owners encouraged the Commission to increase investment in energy efficiency. The Arizona PIRG Education Fund and the Southwest Energy Efficiency Project, who have been speaking with business owners across Tucson, are hopeful the Commission will vote to restore and increase energy efficiency funding for TEP ratepayers at their upcoming meeting.

> Keep Reading
News Release | Maryland PIRG Foundation and Ecology Center | Public Health, Consumer Protection

New Study Reveals Toxic Chemicals in Most Children’s Car Seats

 Today, Maryland PIRG Foundation released a new report from the Ecology Center’s Healthy Stuff program: Hidden Hazards: Flame Retardants and PFAS in Children’s Car Seats. 

> Keep Reading
News Release | Maryland PIRG Foundation | Public Health, Consumer Protection

33rd annual Trouble in Toyland

his holiday season, watch out for dangerous and toxic toys. Maryland PIRG Foundation’s 33rd annual Trouble in Toyland report found toxic amounts of boron in slime products and a failure by Amazon to appropriately label choking hazards. Boron can cause nausea, vomiting and other health issues.

> Keep Reading
News Release | U.S. PIRG | Consumer Protection

U.S. PIRG response to reports of Facebook security breach

Facebook announced today that earlier this week, "attackers exploited a vulnerability in Facebook’s code that impacted “View As”, a feature that lets people see what their own profile looks like to someone else. This allowed them to steal Facebook access tokens which they could then use to take over people’s accounts."

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News Release | Maryland PIRG Foundation | Consumer Protection

Maryland PIRG Recommends Credit Freezes, Now Free for All By Law

A new federal law  will eliminate fees for credit freezes and thaws in Maryland and across the country at the three nationwide credit bureaus on Friday, September 21st. The consumer advocacy group Maryland PIRG recommends getting credit freezes, not the similar locks offered by the bureaus, to prevent new account identity theft. 

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Report | Maryland PIRG Foundation and Ecology Center | Public Health, Consumer Protection

Hidden Hazards

The Ecology Center's has released test results and product ratings in their 2018 report, Hidden Hazards: Flame Retardants & PFAS in Children's Car Seats. 

> Keep Reading
Report | Maryland PIRG Foundation | Public Health, Consumer Protection

Trouble in Toyland

For over 30 years, Maryland PIRG Foundation has conducted an annual survey of toys to look for safety problems. This research has led to more than 150 toy recalls and other regulatory actions over the years. Our work has also helped educate the public and policymakers on the need for continued action to protect the health and well-being of children. 

> Keep Reading
Report | Maryland PIRG Foundation | Consumer Protection

EQUIFAX BREACH: ONE YEAR LATER

One year after publicly announcing the worst data breach in history, Equifax still hasn’t paid a price or provided the information and tools consumers need to adequately protect themselves.

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Report | U.S. PIRG Education Fund | Consumer Protection

Trouble in Toyland 2017

For over 30 years, U.S. PIRG Education Fund has conducted an annual survey of toy safety, which has led to over 150 recalls and other regulatory actions over the years, and has helped educate the public and policymakers on the need for continued action to protect the health and wellbeing of children.

Toys are safer than ever before, thanks to decades of work by product safety advocates, parents, the leadership of Congress, state legislatures, and the Consumer Product Safety Commission (CPSC). 

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Report | U.S. PIRG Education Fund | Consumer Protection

Lead In Fidget Spinners

While lead in toys has become less prevalent in recent years, U.S. PIRG Education Fund tested several models of one of today’s hottest toys, fidget spinners, for the toxic heavy metal. Laboratory results indicated that two fidget spinners purchased at Target and distributed by Bulls i Toy, L.L.C. contained extremely high levels of lead. U.S. PIRG Education Fund calls on Target and Bulls i Toy to immediately recall these two fidget spinners and investigate how such high levels of lead were found in these toys. Also, we call on the U.S.

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Blog Post | Consumer Protection

ID Theft & Privacy Checklists | Mike Litt

Today, we're releasing our revamped Identity Theft and Online Privacy resources.

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Blog Post | Consumer Protection

Consumer Tips and FAQ about the Equifax Breach | Mike Litt

Hackers gained access to the personal data of over 145 million Americans in the Equifax breach. Here are some recommended actions consumers can take to protect themselves and answers to frequently asked questions.

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Blog Post | Consumer Protection

U.S. PIRG EDUCATION FUND FILES AMICUS BRIEF IN THE U.S. SUPREME COURT SUPPORTING STATES IN ANTITRUST LITIGATION AGAINST AMERICAN EXPRESS | Emily Scarr

Last month, the states of Ohio, Connecticut, Idaho, Illinois, Iowa, Maryland, Michigan, Montana, Rhode Island, Utah, and Vermont asked the U.S. Supreme Court to review a Second Circuit judgment that allows American Express to prohibit merchants from encouraging customers to use lower-priced payment options. 

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Blog Post | Consumer Protection

Consumers Count: Five years of the CFPB standing up for consumers | Kathryn Lee

This week, the Consumer Financial Protection Bureau turns five years old! As part of our efforts to tell more people about the CFPB, we're cross-posting this video blog and comments written by Zixta Q. Martinez of the CFPB (check out the infographic at the end, too!).

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Blog Post | Public Health, Consumer Protection

Manufacturers report toxics in wide range of household products | Juliana Bilowich

A national report issued this week titled What Stinks? Toxic Phthalates in Your Home reveals that a group of toxic chemicals are used in a broader range of household products than previously known, including products by Hallmark Cards, The Gap, True Value, and more.

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