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Blog Post | Consumer Protection

Addicted to Hand Sanitizer: A Wells Fargo Scandal Update | Ed Mierzwinski

More questions continue to be raised about the Wells Fargo scandal. When did it really start- 2013, 2011 or 2005? What did execs know and when did they know it? How many frontline employees were fired because they complained as whistleblowers? Does setting up a fake account constitute criminal identity theft? Should deposed chairman and CEO John Stumpf go to jail? If the culture was pure, how did a frontline worker get "addicted to (drinking) hand sanitizer? Should he pay back more bonus compensation? Here's a flyaround of some of what's going on. By the way, did you know that even the Better Business Bureau has thrown Wells out?

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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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Report | CoPIRG | Make VW Pay

The Volkswagen Settlement

Today, Judge 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.

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Blog Post | Consumer Protection

Consumer Financial Protection Bureau: By the numbers | Kathryn Lee

The Consumer Financial Protection Bureau released a breakdown of their successes they’ve had in the short five-year period they’ve been established. We're very proud to have been a part of building it and defending it; we're also very proud of the many achievements the youthful CFPB has made to make the financial marketplace fairer for consumers.

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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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News Release | CoPIRG Foundation and Citizens for Tax Justice | Tax

Study: 72% of Fortune 500 Companies Used Tax Havens in 2014

 

Denver, October 6 – Tax loopholes encouraged more than 72 percent of Fortune 500 companies – including Western Union, Level Three Communications, and Arrow Electronics here in Colorado – to maintain subsidiaries in offshore tax havens as of 2014, according to “Offshore Shell Games,” released today by CoPIRG Foundation and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 65 percent of the total, or $1.35 trillion.

 

 

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News Release | CoPIRG | Consumer Protection

Volkswagen Customer Asks Dealership & Headquarters to Buy Back Defective Diesel Car

This morning, Marcus Moench, a Boulder resident, drove to the Gebhardt Volkswagen dealership and asked the dealership to buy back his 2010 Jetta Sportswagen TDI diesel car at the full original purchase price, not the current “blue book” value, to compensate for the harm of being deceived into driving a polluting vehicle. This action is part of the CoPIRG Foundation’s “Make VW Pay” campaign to hold Volkswagen accountable for deceiving half a million U.S. consumers into buying pollution-spewing cars that led to massive, undeserved profits.

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News Release | CoPIRG | Consumer Protection

We Launch “Make VW Pay Campaign” Over EPA Cheating Scandal

We launched a “Make VW Pay Campaign” as VW's CEO resigned over the scandal surrounding its "defeat device" scheme (and subsequent cover-up) to trick EPA pollution monitoring computers in nearly half a million diesel cars sold in the U.S. We are demanding a full rebate in buy backs to customers and other accountability.

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How Volkswagen Could Compensate Diesel Owners

We explain the core demand of our "Make VW Pay Campaign" in this story by New York Times columnist Ron Lieber:

He asks: "Why not just ask for whatever the cars were worth on the day before news of the scandal broke"

Our reply: "Ed Mierzwinski, consumer program director at U.S. PIRG, says that the drivers deserve more."

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News Release | U.S. PIRG | Consumer Protection, Make VW Pay

We Launch “Make VW Pay Campaign” Over EPA Cheating Scandal

Today we launched a “Make VW Pay Campaign” as VW's CEO resigned over the scandal surrounding its "defeat device" scheme (and subsequent cover-up) to trick EPA pollution monitoring computers in nearly half a million diesel cars sold in the U.S. We are demanding a full rebate in buy backs to customers and other accountability.

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Report | CoPIRG | Democracy

Outsized Spending in Colorado

The 2012 elections were by far the most expensive in history thanks primarily to the tidal wave of outside, special interest money triggered by the Supreme Court’s Citizens United decision.

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Report | CoPIRG Foundation | Budget, Tax

SUBSIDIZING BAD BEHAVIOR

BP’s recent $4.5 billion legal settlement with the Justice Department for its misdeeds in the Gulf oil spill was historic for being the largest ever criminal settlement. But it was historic for another reason as well—none of it is allowed to be tax deductible. Unfortunately, too many settlements for wrongdoing end up as tax deductions.

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Report | CoPIRG Foundation | Budget, Tax

WHAT AMERICA COULD DO WITH $150 BILLION LOST TO OFFSHORE TAX HAVENS

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes, corporations and wealthy individuals shift the tax burden to ordinary Americans, who must pick up the tab in the form of cuts to public services, more debt, or higher taxes. The $150 billion lost annually to offshore tax havens is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

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Report | CoPIRG | Consumer Protection

Trouble in Toyland: 27th Annual Survey of Toy Safety

The 2012 Trouble in Toyland report is the 27th annual Colorado Public Interest Research Group (CoPIRG) survey of toy safety. In this report, CoPIRG 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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Report | CoPIRG | Democracy

Million-Dollar Megaphones

Outside spending by organizations that aggregate unlimited contributions from wealthy individuals and institutions is playing a significant role in the 2012 election cycle, and much of it is not disclosed.

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Blog Post | Consumer Protection, Make VW Pay

Detroit Auto Show | Kathryn Lee

Marcus and Elisabeth made their way to the Detroit Auto Show over the weekend. As they drove across the country, on a mission to return their TDI to Volkswagen corporate headquarters in Virginia, the couple has been making stops along the way. The just missed Mathias Mueller as he toured the US, stopping at the Detroit Auto Show to try to make amends with customers. Saturday was the first day the show was open to the public. Marcus and Elisabeth first met with press across the street of the event and then went into building, heading straight to the Volkswagen booth.

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Blog Post | Public Health, Food

The foundation is crumbling | Bill Wenzel

What was missing from President Obama's visionary plan for medical progress? 

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Blog Post | Consumer Protection, Make VW Pay

Why VW Must Pay. A View From The Road | Ed Mierzwinski

I've posted a guest post blog entry from Marcus Moench and Elisabeth Caspari on my Huffington Post blog and cross-posted it here. It explains why Marcus and Elizabeth are traveling from Boulder, Colorado to Volkswagen headquarters in northern Virginia to attempt to return their 2010 "defeat-device" Jetta diesel.

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Blog Post | Consumer Protection, Make VW Pay

From the road | Mike Litt

Last week, Marcus and Elisabeth kicked off a cross-country road trip to Volkswagen headquarters in Virginia to make VW pay for misleading consumers and polluting our air. Marcus and Elisabeth own one of the 567,000 diesel vehicles in the U.S. that Volkswagen sold as “clean” but was secretly designed with a “defeat device” to emit as much as 40 times the legal limit for smog-forming pollutants. 

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