CoPIRG Ban Roundup & CFPB Homepage 3.16.17

What's New

Blog Post | Consumer Protection

As CFPB Escalates Drive Toward Protections, Study Finds CFPB Enforcement Works | Ed Mierzwinski

This month the CFPB issued its proposed rule prohibiting class action bans in small-print mandatory arbitration clauses; in June it is expected to release its high-cost small dollar lending (payday and auto title loan) proposed rule. Meanwhile, as CFPB's industry opponents hide behind astroturf front groups and Congressional opponents use backdoor attacks, a law professor has released a major report finding that "from its inception [in 2011] through 2015 the agency had a 122-and-0 track record in its publicly announced enforcement actions" and that 93% (over $10.5 billion) of funds recovered for consumers have been for deceptive practices -- "[f]ar from a novel legal theory."

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Blog Post | Transportation

Why Is Our Infrastructure So Terrible? | Sean Doyle

America is facing a $1.4 trillion infrastructure funding crisis. This isn't some distant problem; it's already having a real effect on everyday Americans.

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Blog Post | Transportation

Good Things Come to Those On Bikes | Sean Doyle

Pull the bike out of the closet, pump up those tires, and dust off the helmet because it's Bike to Work Week!

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Blog Post | Consumer Protection

You might not know this about overdraft fees | Kathryn Lee

Did your bank sell you on the idea that it’s embarrassing for you to have your debit card declined for a $3 cup of coffee, and that you should pay them $35 each time for “overdraft protection”? Those big fees are what’s embarrassing. Unless you say yes to allow fees, you cannot be charged for over-drafting your debit card.

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Blog Post | Transportation

Don’t Believe the Hype – Millennials’ Transportation Habits Are Changing | Sean Doyle

Despite news stories claiming that Millennials are buying up cars at record rates, the reality is quite different. After adjusting previous studies to account for differences in the size of the generations measured, on a per-capita basis, Millennials are 29 percent less likely than members of Generation X to own a car.

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News Release | CoPIRG | Transportation

Private Road Transparency Bill Dies in Senate Committee

The Senate Transportation Committee voted 3-2 against a bill, SB 15-172, that would have increased oversight and transparency around future private road deals and encouraged the agency charged with negotiating and securing these deals to identify transportation efficiencies by using more transit and demand management programs like carpooling to meet Colorado’s growing transportation needs. The move to kill the bill came right after the committee unanimously approved an amendment to allow voters more say on individual deals. 

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News Release | CoPIRG Foundation | Transportation

Federal Highway Administration Quietly Acknowledges the Driving Boom is Over

The Federal Highway Administration (FHWA) has very quietly acknowledged that the Driving Boom is over, which will help avoid wasting billions of dollars for unnecessary highway expansion.

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News Release | CoPIRG | Democracy

Supreme Court decision added $24.8 million in additional campaign spending by mega-donors

The Supreme Court’s most recent decision allowing more big money into our elections, April’s McCutcheon case, allowed $24.8 million in additional campaign spending by megadonors, according to new information released today by CoPIRG.  In Colorado’s recent Senate race, megadonors giving $1,000 or more were responsible for 49% of all campaign contributions, while only 20% of all contributions came from those giving $200 or less.

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News Release | U.S. PIRG | Public Health

Some Good, Some Bad in Obama Executive Order on Protecting Antibiotics

Today, President Barack Obama issued an Executive Order – Combating Antibiotic Resistant Bacteria. While the order takes several important steps necessary to control the spread of antibiotic-resistant bacteria, it misses the opportunity to call for critical reforms in the agricultural sector that are essential to protect public health.

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News Release | CoPIRG Foundation | Transportation

New Study: Traffic Data Does Not Support Current Plans to Spend $153 Million to Add Lanes on Colorado Route 470

A new report by the CoPIRG Foundation identifies state plans to add lanes on Route-470 as a national example of wasteful highway spending based on outdated assumptions. The study calls for instead investing scarce transportation dollars to better maintain existing roads and provide more transportation choices such as expanding transit and bike paths.

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Highlights of the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009

To educate consumers about the Credit Card Accountability, Responsibility And Disclosure (CARD) Act signed into law on May 20, CoPIRG released a factsheet about the upcoming changes and tips on how to avoid remaining abusive credit card practices.

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Report | CoPIRG | Health Care

The Cost of Repeal

This report examines the costs and benefits of repealling the Affordable Care Act for the taxpayers, consumers, and businesses of our state.

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Report | CoPIRG | Health Care

Small Business Delimma

When it comes to health care, American small business owners are getting a raw deal.

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Blog Post | Transportation

How Deadly are Your State’s Roads? | Sean Doyle

A new report by Michael Sivak and Brandon Schoettle at the University of Michigan Transportation Research Institute shows which states have the safest and most dangerous roads.  Here's how the states rank and what we can do about it.

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Blog Post | Consumer Protection

As CFPB Advances Consumer Protection, Attacks on CFPB Escalate | Ed Mierzwinski

This week, the CFPB took a major step toward establishing a regulation restricting the use of forced arbitration clauses in consumer financial contracts, which give companies what the CFPB's director said was a "free pass from being held accountable by their customers." Meanwhile, on Capitol Hill, powerful bank interests escalated their campaign to defund and defang the bureau, because it works for consumers, not them.

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Blog Post | Consumer Protection

Positive Steps on Arbitration Clauses | Danny Katz

Today, I had the honor of speaking with members of the Consumer Financial Protection Bureau (CFPB) who were in town to announce positive steps to protect consumers when in comes to forced arbitration clauses. Forced arbitration clauses eliminate Americans’ access to the courts, forcing them instead into a private system set up by corporations to favor corporations.

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Blog Post | Consumer Protection

We went to a VW Dealership today | Danny Katz

Today, I went to a VW dealership with one of the 482,000 VW owners who unknowingly purchased a “clean” diesel vehicle that was designed to get away with violating the law. I went there to encourage dealerships to join with VW customers and call on VW to give people their money back for these misleading vehicles.

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Blog Post | Consumer Protection

House holds stacked hearing to attack retirement savings rule proposal | Ed Mierzwinski

The House Financial Services Committee is holding a typically stacked hearing -- one consumer-side witness against four Wall Street-backed lobbyists  -- to attack the important retirement savings rule proposed by the Department of Labor. The rule simply requires retirement advisors to put the customer's needs  -- not their own compensation -- first.

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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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