Blog

Leading Groups Oppose OCC Proposal To Charter Fintechs

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

We joined leading consumer organizations to criticize the national bank regulator OCC's new proposal to charter non-bank fintech companies. We called it both illegal and a gateway for online predatory lenders to enter states where high-cost payday lending is banned. Leading state bank regulatory officials also opposed the OCC move, which is also one of the recommendations in a controversial Treasury Department report released the same day.

We Support HHS Efforts To Rein In Abusive PBM & Big Pharma Practices That Keep Rx Prices Too High

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

In response to a Request for Information from the Department of Health and Human Services (HHS) to comment on its "Blueprint to Lower Drug Prices and Reduce Out-of-Pocket Costs", we joined Consumers Union and other leading groups in a comment letter. In particular, we detail ways to rein in abusive and anti-competitive practices of both Pharmacy Benefit Managers (PBMs) and Big Pharma's brand name drug companies that force American consumers to pay too much for health care. Our comments support many of the proposals from Secretary Azar and HHS.

Toxic triclosan in toothpaste?

By | Dev Gowda
Director, Campaign for Toxic-Free Products

A recent article in the LA Times revealed that a new study found that the toxic compound triclosan, which is commonly found in toothpaste as well as other consumer products such as cosmetics, children’s toys, and yoga mats, “could cause adverse effects on colonic inflammation and colon cancer.”

Public CFPB Database Comment Period Ends Monday, 4 June at Midnight

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Monday, June 4, at midnight (ET) marks the deadline for filing public comments on the Consumer Financial Protection Bureau’s latest inward-facing Request For Information (RFI); this one is on the future of the public Consumer Complaint Database, which has been disparaged for years by various bank industry actors and their coin-operated think tanks but most recently by the CFPB’s acting director, Mick Mulvaney. Here's why we are fighting to keep the database public.

Pages

Subscribe to Blog

Support us

Your tax-deductible donation supports U.S. PIRG Education Fund’s work to educate consumers on the issues that matter, and the powerful interests that are blocking progress.

Learn More

You can also support U.S. PIRG Education Fund’s work through bequests, contributions from life insurance or retirement plans, securities contributions and vehicle donations.