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Blog Post | Financial Reform

NYT Points Out Overdraft Fees Still A Problem | Ed Mierzwinski

A major article in today's New York Times, "Overdraft Practices Continue to Gut Bank Accounts and Haunt Customers," points out that while 2010 reforms put in place by the pre-CFPB regulators have helped, there's still work to be done to protect consumers from unfair overdraft practices. While years ago banks used "bounced check" fees to deter what was then seen as a negative behavior, more recently they have encouraged overdrafts by offering "standard overdraft protection" as if it is a feature, not a bug. They've made billions.

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Blog Post | Public Health

The Flint Water Crisis: What You Need to Know | Kara Cook-Schultz

With President Obama clearing the way for federal aid in Flint, Michigan last month, the water crisis is receiving immediate attention. The city was badly in need of a short-term fix, but what about the future of affected Flint citizens?

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News Release | U.S. PIRG | Democracy

Small donor program reshapes presidential fundraising, new report shows

Candidates in the 2016 presidential race would see a dramatic shift in fundraising success under a proposed small donor matching program, according to a new study by U.S. PIRG Education Fund.

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Report | U.S. PIRG | Democracy

Boosting the Impact of Small Donors, February 2016

Mega-donors and special interest groups have flooded this year’s presidential race with a record breaking sum of money. What would our elections look like if a small donor empowerment program were in place?

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Media Hit | Budget, Tax

The $4 Billion Question: Do We Value JPMorgan More Than Consumer Protection?

Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?

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Media Hit | Tax

Settlement loophole in tax law could help BP

BP's "Commitment to the Gulf" should not have hidden, tax deductible givebacks.

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News Release | U.S. PIRG | Tax

SAC Capital Shouldn’t Receive Tax Windfall for Insider Trading and Securities Fraud

SAC Capital could collect a massive tax windfall for the $1 billion it will reportedly pay to settle allegations of insider trading and securities fraud unless the SEC and other federal agencies explicitly forbid it.

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News Release | U.S. PIRG | Consumer Protection

CFPB Gets Results: Orders Chase Bank to Repay Consumers Over $300 Million Over Sale of Junky Credit Card Add-On Products That Weren’t Even Delivered

Yesterday the CFPB fined Chase Bank $20 million and ordered it to refund over 2 million consumers a total of over $300 million over the sale of junky credit card and debit card add-ons that weren’t even delivered.

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News Release | U.S. PIRG | Budget, Tax

JPMorgan Shouldn’t Receive Tax Windfall for London Whale Penalty

Unless regulators forbid JPMorgan Chase from writing off an $800 million settlement as a tax deduction, taxpayers could end up shouldering 35 percent of the cost of the settlement.

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