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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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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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Blog Post | Consumer Protection

Court Reinstates Case Against Bank That Aided Senior Citizen Fraud | Ed Mierzwinski

This week, the 3rd Circuit, U.S. Court of Appeals overturned a lower court decision that had denied class action status to victims of a scheme targeting senior citizens who were suing Zions Bank and its payment processor affiliates for aiding the fraudsters. U.S. regulators led by the Department of Justice have been fighting this and similar schemes, yet powerful special interests have managed to create a false narrative in Washington, DC that has been picked up by opponents of consumer protection laws. They falsely claim that the government's target is "legitimate" payday lenders and gun dealers. Wrong, the target is financial crimes against consumers, many consumers.

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Blog Post | Consumer Protection

IRS Admits Data Breach Worse Than Thought, Will Congress Do Wrong Thing Anyway? | Ed Mierzwinski

This week, the IRS has admitted that thieves accessed the personal information -- enough to allow them to take your tax refund -- of an additional 220,000 taxpayers, on top of the 114,000 reported in May. Meanwhile, we remain  concerned that Congress will use continued publicity about the Target breach and other breaches as an excuse to pass dangerous data security legislation. Dangerous? Yes, because it would only protect against limited financial identity theft harms, but eliminate stronger state protections against the harms posed by the IRS breach, the health insurance breaches and the OPM breach.

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News Release | TexPIRG | Transportation

Drivers, Governments Waste Billions Due to Misguided Highway Policies

Special interest lobbying, policies that favor new construction over repairs, and the appeal of ribbon-cuttings push America to build new highways and bridges faster than it keeps up older ones. The result? A crumbling infrastructure, with 45 percent of the nation’s roads – 80 percent in metropolitan areas – in “less than good” condition and 71,000 bridges deemed “structurally insufficient.”

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News Release | TexPIRG | Financial Reform

Reform Opponents’ Political Gamesmanship Serves Wall Street, Not Main Street

Tonight's vote against bringing Wall Street reform to the Senate floor for open debate and an open amendment process is pathetic political gamesmanship.  Wall Street cobbled together just enough votes to obstruct reform.  

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News Release | TexPIRG | Higher Ed

Student Borrowers Deserve Fair Loan Terms

Statement from  Christine Lindstrom, Higher Education Program Director, Texas Public Interest Research Group

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News Release | TexPIRG | Higher Ed

Students Need a Strong Financial Watchdog, Too

New In The Public Interest column on Monday in The Huffington Post from Andrew Merki, a senior at Indiana University-Bloomington and the chair of Indiana Public Interest Research Group.

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News Release | TexPIRG | Health Care

The Perfect Venue for the Health Care Bill Signing

By holding today's signing ceremony at a community college, President Obama could not have picked a more fitting venue. It's not just because the legislation he has signed over the past week will double Pell grants and allow those under 26 years old to stay on their parent's insurance.

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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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