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News Release | Consumer Protection

U.S. PIRG CONSUMER ADVOCATE MIKE LITT TESTIFIES AT CONGRESSIONAL HEARING ON EQUIFAX

Our Consumer Advocate, Mike Litt, was invited by Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, to testify this week at a Congressional hearing on the Equifax data breach. This was a continuation of the committee's previously held hearing on October 5th entitled "Examining the Equifax Data Breach."

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Report | TexPIRG | Transportation

Growing Greener

Austin is one of America’s fastest-growing cities. This growth has brought dynamism to the city, but has also created environmental problems. Because much of Austin’s growth has taken place at the urban fringe, the addition of new residents and businesses has caused persistent and worsening problems with traffic congestion, air pollution and water quality, as more undeveloped land is converted into new development. To accommodate the continued influx of new people to the city, Austin is currently revising its land development code in a process called CodeNEXT.

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News Release | TexPIRG | Transportation

Austin Environmental Leaders Call for Bold Change in CodeNEXT to Stop Sprawl and Protect the Environment

AUSTIN, TEXAS — A group of prominent local environmental advocates is calling upon Austin’s leaders to adopt a CodeNEXT that promotes the compact and connected development necessary to stop sprawl, reduce car-dependency and protect Austin’s environment as the city continues to grow.

“Austin’s current Land Development Code actively encourages low-density, sprawling development that consumes more energy, water and land than compact urban development, while also generating more greenhouse gas emissions,” said Luke Metzger, Director of Environment Texas. “There is no environmental case to be made for sprawl.”

 

“It’s a real chance to decongest our roadways. I don’t know about you, but I’m tired of the stop start traffic to and from work every day,” says Bay Scoggin, Director of the Texas Public Interest Research Group (TexPIRG). “A compact city is a more connected, walkable city, and if we continue to invest in public transportation, we have a real opportunity to grow our city in a way that works for everyone, because let’s be real, nobody likes traffic.”

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Report | TexPIRG Education Fund | Tax

Offshore Shell Games

In 2016, 73 percent of Fortune 500 companies – including 37 headquartered in Texas- maintained subsidiaries in offshore tax havens, according to “Offshore Shell Games,” released today by TexPIRG Education Fund and the Institute on Taxation and Economic Policy. Collectively, multinationals reported booking $2.6 trillion offshore, with just 30 companies accounting for 68 percent of this total, and just four companies accounting for a quarter of the total.

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News Release | TexPIRG Education Fund | Tax

STUDY: MOST FORTUNE 500 COMPANIES USED TAX HAVENS IN 2016

In 2016, 73 percent of Fortune 500 companies – including 37 headquartered in Texas- maintained subsidiaries in offshore tax havens, according to “Offshore Shell Games,” released today by TexPIRG Education Fund and the Institute on Taxation and Economic Policy. Collectively, multinationals reported booking $2.6 trillion offshore, with just 30 companies accounting for 68 percent of this total, and just four companies accounting for a quarter of the total.

 

“With Congress looking to pass tax cuts that would cost upwards of $5 trillion, it’s all the more unacceptable to leave open these absurd loopholes and gimmicks for the biggest multinational corporations,” said Bay Scoggin, director of TexPIRG. “Tax reform should inject common sense into our tax code, and it shouldn’t balloon our deficit. Closing tax haven loopholes would both eliminate some of the most ridiculous tax gaming and it could help pay for the cost of tax cuts.”

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News Release | U.S. PIRG | Public Health, Health Care

Our Statement on the Failure of the US Senate Health Care Bill

American consumers can breathe a sigh of relief today. The legislation that was narrowly defeated in the US Senate last night threatened to spark chaos in health insurance markets, raise costs, degrade quality of care, weaken protections for people with pre-existing conditions, and cause millions of Americans to lose health coverage.

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News Release | TexPIRG | Transportation

NEW REPORT FINDS $209 MILLION IN VOLKSWAGEN SETTLEMENT FUNDS HEADED TO TEXAS COULD HELP ACCELERATE ALL-ELECTRIC TRANSPORTATION REVOLUTION

A new report from the USPIRG Education Fund finds that $209million from the Volkswagen (VW) settlement is headed to Texas to help clean up the country’s transportation system and strongly recommends using the funds to purchase electric vehicle fast charging stations for highways along with an aggressive expansion of all-electric transit buses to replace aging, dirty, diesel buses. 

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News Release | U.S. PIRG | Financial Reform

Statement On CFPB's Rule Restoring Rights To Take Wrongdoers To Court

Financial wrongdoers have long used mandatory arbitration clauses buried in small-print, take-it-or-leave-it contracts to prevent consumers from banding together to have their day in court. Our statement on the CFPB's important new rule restoring consumer rights to join class actions follows.

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News Release | TexPIRG | Tax

TexPIRG Applauds Introduction of Bill to End Anonymous Shell Companies

 

This Wednesday, Representatives Peter King (R-NY) and Carolyn Maloney (D-NY) introduced the Corporate Transparency Act (H.R. 3089). Senators Chuck Grassley (R-IA) and Sheldon Whitehouse (D-RI) also introduced their companion bill, the True Incorporation Transparency for Law Enforcement (TITLE) Act (S. 1454). TexPIRG applauds the introduction of these bills, which would put an end to anonymous shell companies in the U.S.

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News Release | Health Care

Our Statement on Senate Health Care Bill

Statement by Jesse Ellis O’Brien, TexPIRG Health Care Advocate, on public release of the “Better Care Reconciliation Act.” 

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Report | TexPIRG | Higher Ed

Doubling Student Debt Rates to Cost Texas Students $400 Million

Higher education advocates released new data today showing that an anticipated increase in the student loan interest rate would cost Texas students $400 million per year. The increase would affect federally subsidized Stafford loans, which are provided to almost 7.5 million low and moderate-income students nationwide each year. If Congress does nothing, then beginning on July 1st, the interest rate will double from 3.4% to 6.8% on new student loans.

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Report | TexPIRG | Higher Ed

The Cost of College Will Soar if Interest Rates Allowed to Double

More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012.

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Report | TexPIRG | Budget

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to countries with minimal or no taxes. These tax havens users benefit from their access to America’s markets, workforce, infrastructure and security; but they pay little or nothing for it—violating the basic fairness of the tax system and forcing other taxpayers to pick up the tab.

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Report | TexPIRG Education Fund | Transportation

Transportation and the New Generation

From World War II until just a few years ago, the number of miles driven annually on America’s roads steadily increased. Then, at the turn of the century, something changed: Americans began driving less. By 2011, the average American was driving 6 percent fewer miles per year than in 2004.

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Report | TexPIRG Education Fund | Budget

Following the Money 2012

The ability to see how government uses the public purse is fundamental to democracy. Transparency in government spending promotes fiscal responsibility, checks corruption, and bolsters public confidence. In the past few years, state governments across the country have made their checkbooks transparent by creating online transparency portals.

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Blog Post | Consumer Protection, Financial Reform

100+ Groups Oppose Provisions That Threaten Public Protections | Mike Litt

The White House is expected to release its fiscal year 2017 budget proposal tomorrow. U.S. PIRG and various state PIRGs joined a coalition of more than 100 groups that sent the following letter calling on President Barack Obama and all 535 members of Congress to oppose any federal appropriations bill that contains ideological policy riders. 

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Blog Post | Financial Reform

CFPB Criticizes Banks Re Account Opening and Overdrafts, Offers Consumer Tips | Ed Mierzwinski

Today, the CFPB is holding a field hearing in Louisville on problems consumers face when opening bank accounts. It finds that big banks frequently offer consumers expensive accounts where they risk overdraft fees instead of affordable accounts. Further, the CFPB finds that the practices of specialty "bad check" credit bureaus make it harder to open accounts. The CFPB issued warnings to both the banks and credit bureaus while providing consumers with new tips and advice.

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Blog Post | Financial Reform

Debating trade and consumer protection in Brussels today | Ed Mierzwinski

I am in Brussels today debating consumer protection and the proposed US-European trade treaty known as the TransAtlantic Trade and Investment Partnership or TTIP. Today's public event, and a second public meeting tomorrow (Wednesday with live webstream 9am-noon DC time) comparing the CFPB to its European counterparts, are sponsored by the PIRG-backed TransAtlantic Consumer Dialogue.

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Blog Post | Consumer Protection, Make VW Pay

Report Back on the VW Road Trip | Mike Litt

After driving 1,671 miles from Colorado over the course of 12 days, the big day arrived -- Marcus and Elisabeth made it to headquarters on Tuesday at 2 PM. I joined them to return their 2011 Jetta SportWagen TDI and deliver over 20,000 of our petitions to Volkswagen. 

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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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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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