CoPIRG Ban Roundup & CFPB Homepage 3.16.17

What's New

Blog Post | Financial Reform

Banks Cook Books To Promote Wrong Choice Act, Attack CFPB | Ed Mierzwinski

Today the House Financial Services Committee takes up the so-called Financial Choice Act, which we call the Wrong Choice Act, to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and leave the CFPB an unrecognizable husk incapable of protecting consumers. Some 52 state bank associations urged support of the bill, based on a "cook-the-history-books" analysis of bank consolidation, which has not increased since 2010, even though they make the claim based on preposterous math.

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Blog Post | Financial Reform

Financial Choice Act: A Cruel Choice for the CFPB & Consumers | Ed Mierzwinski

UPDATED 4/25 with link to our letter to Congress. This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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Blog Post | Transportation

Why Denver's Climate Change Proclamation is Important | Danny Katz

Last night, to little fanfare, the City and County of Denver unanimously approved a climate change proclamation.

This proclamation is important for a number of reasons.

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News Release | CoPIRG | Antibiotics

KFC Action Helps Protect Antibiotic Effectiveness, Combats “Superbugs”

The growing ranks of global health experts who have been alarmed by the rise in antibiotic-resistant “superbugs” have an unlikely new hero: KFC, the fried chicken giant.

Today, KFC U.S. announced that by the end of 2018, all chicken purchased by the company will be raised without antibiotics important to human medicine. A coalition of consumer and public health groups, including CoPIRG had urged the company to act on the issue. 

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News Release | CoPIRG | Transportation

CO House Passes Transportation Funding Bill

On Friday morning, the Colorado House aaproved the CoPIRG-backed HB17-1242, a bi-partisan bill that would invest hundreds of millions of dollars into transportation infrastructure and services over the next 20 years, including at least $100 million in multi-modal options that can provide safe routes to schools, better access to jobs and critical medical services, and more affordable and efficient choices to deal with congestion. The bill passed on a 41-24 vote.  

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News Release | U.S. PIRG | Financial Reform

Overdrafts continue to hit students hard on campus

Today, the Consumer Financial Protection Bureau (CFPB) released a report shining a spotlight on contracts between banks and colleges to promote debit cards on campus.  Students continue to get hit hard with overdraft fees attached to their campus bank accounts. According to the report, nearly one in ten consumers in the population with student accounts incurred 10 or more  overdrafts per year, paying, on average, $196 in overdraft fees alone. Below is a detailed analysis by US. PIRG's Chris Lindstrom, who championed the protections that the CFPB is reporting on. This report is one more example of why we need a strong CFPB. 

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News Release | U.S. PIRG | Consumer Protection

Consumer Advocates Concerned By Court Ruling Overturning Ban on High-Powered Magnets

We've joined leading consumer and pediatrician organizations in a joint news release with a sharp critique of a U.S. appellate court decision overturning a U.S. Consumer Product Safety Commission ban on the sale of high-powered small magnets (some as small as BBs) that pose a severe ingestion problem for children and youth. As our Trouble In Toyland report released on November 22 pointed out: "Nearly 80 percent of high-powered magnet ingestions require invasive medical intervention, either through an endoscopy, surgery, or both. In comparison, only 10 to 20 percent of other foreign body ingestions require endoscopic intervention and almost none require surgery."

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News Release | CoPIRG Foundation and Eco-Cycle | Solid Waste

New Report Finds Denver Missing Big Recycling Opportunities

Denver’s poor recycling rates place Colorado’s capitol city among the most wasteful cities in the nation, according to a report released today by nonprofits CoPIRG and Eco-Cycle. The analysis comes as hundreds of civic leaders gather for Mayor Hancock’s 2nd annual Sustainability Summit that will tackle recycling and materials management among other topics.

According to the report, Denver only recycles 18 percent of the waste from single-family homes and small apartments, one of the worst rates in Colorado as well as among peer cities across the country. In addition, many residents in large multi-unit apartment buildings lack access to the most basic component of recycling – the purple recycling bin.

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News Release | CoPIRG | Make VW Pay

Colorado Would Receive $61 Million from VW Settlement

Today, Judge Charles Breyer said he was “strongly inclined” to approve a partial settlement between Volkswagen and the U.S. Department of Justice regarding VW’s emissions cheating vehicles and would make a final decision before October 25th. The proposed settlement would provide Colorado with at least $61 million to invest in pollution reduction strategies for Colorado’s transportation system.

An analysis of the proposed settlement by the Southwest Energy Efficiency Project (SWEEP) and the Colorado Public Interest Research Group (CoPIRG) finds that the money could add 60 electric charging stations to Colorado’s highways and upgrade approximately 100 buses across the state from diesel to electric.

 

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News Release | U.S. PIRG | Public Health

More Than 350,000 Urge KFC to Prevent Abuse of Antibiotics in Its Chicken Supply

Today, representatives from the U.S. Public Interest Research Group (U.S. PIRG), the Natural Resources Defense Council (NRDC) and the Food Animals Concern Trust (FACT) will deliver more than 350,000 petitions from consumers nationwide to Kentucky Fried Chicken’s (KFC) headquarters in Louisville, while calling on the nation’s largest fried chicken chain to end the routine use of antibiotics by chicken producers in its supply chain. The petition signatures were also collected by the Center for Science in the Public Interest and CREDO Action. 

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Report | CoPIRG | Tax

Closing the Billion Dollar Loophole

Every year, corporations use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their state and federal income tax liability, costing Coloradans hundreds of millions of dollars every year. Colorado could close one loophole could save $15 million.

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Report | CoPIRG Foundation | Higher Ed

FIXING THE BROKEN TEXTBOOK MARKET:

This study demonstrates that despite recent steps forward in the marketplace, high textbook costs will continue to be a problem for students unless the cost of high-priced, new editions of college textbooks comes down.

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Report | CoPIRG Foundation | Consumer Protection

Credit Cards, Consumer Complaints

In this report we explore consumer complaints about credit cards with the aim of uncovering patterns in the problems consumers are experiencing with their credit cards and documenting the role of the CFPB in helping consumers successfully resolve their complaints.

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Report | CoPIRG Foundation | Transportation

Transportation in Transition

A review of data from the Federal Highway Administration, Federal Transit Administration and Census Bureau for America’s 100 most populous urbanized areas – which are home to over half of the nation’s population – shows that the decline in per-capita driving has taken place in a wide variety of regions.

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Report | CoPIRG Foundation | Public Health, Consumer Protection

Trouble in Toyland 2013

The 2013 Trouble in Toyland report is the 28th annual CoPIRG Foundation survey of toy safety. In this report, CoPIRG Foundation provides safety guidelines for consumers when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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Blog Post | Consumer Protection

Court Rejects PIRG-Opposed Swipe Fee Settlement With Visa/Mastercard | Ed Mierzwinski

Today, a panel of the U.S. Court of Appeals for the Second Circuit threw out a preliminary $7.25 billion settlement between Visa and Mastercard and any merchant accepting credit cards (including U.S. PIRG), ruling that despite that seemingly massive payment for past practices that the settlement gave inadequate relief to merchants going forward, as it essentially immunized the networks for any future illegal conduct while providing mostly illusory benefits. Since we accept credit cards from our members, we, joined by Consumer Reports, had formally objected to the settlement as consumer advocates who also happen to be merchant class members (most merchant associations also objected).

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Blog Post | Consumer Protection

House Launches Frenzy of Attacks on CFPB, Public Protections | Ed Mierzwinski

Today and tomorrow the House floor showcases a variety of special-interest backed bills designed to eliminate public protections and weaken financial reform. Action starts soon with an attempt to override the President's veto of legislation to wipe away a new Department of Labor rule designed to protect hard-earned retirement savings from Wall Streeters seeking their "share" of your own share. Then, the House will consider the massive FSGG Appropriations bill, which rolls back the independence and authority of the CFPB and other financial reforms. Finally, they've teed up a bill to eliminate the Supreme Court's long-standing "Chevron doctrine," which says that courts must defer to expert agencies in certain circumstances. Without the doctrine in place, polluters and wrongdoers will have more opportunities to challenge public protections.

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Blog Post | Public Health, Antibiotics

Grilling to protect public health | Anya Vanecek

With antibiotics, we can all enjoy the summer free from the worry that a stumble on the sidewalk or a minor burn from the grill could turn into a serious illness. So what could be a better centerpiece to the picnic table than meat raised without routine antibiotics?

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Blog Post | Democracy

Six Twitter users to follow for all things democracy

This election cycle news about money in politics, election fiascos and voting rights is breaking at the speed of, well, Twitter. If you want to stay up-to-date, we’ve got your back.

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Blog Post | Transportation

Clean Transportation Doesn’t Need To Be A Distant Utopia | John Olivieri

For many, when they think of combating global warming, they think of solar panels on rooftops and eliminating coal fired power plants. But, the truth is, there is not an effective solution to address global warming that does not deal with transportation as well.

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