News Releases

News Release | U.S. PIRG | Budget

Federal Reserve’s new rules open the door to fossil fuel bailout

The Federal Reserve announced new rules on Thursday for its “Main Street Lending Program” designed to help small and mid-sized businesses during the novel coronavirus (COVID-19) crisis. The rule changes allow both larger companies and those carrying more debt to qualify, potentially exposing taxpayers’ money to more risk. The changes also create an opportunity for oil and gas companies to access government assistance.

News Release | U.S. PIRG Education Fund | Consumer Protection

Americans need stronger consumer protections during COVID-19 crisis

U.S. PIRG Education Fund has released a report with the Student Borrower Protection Center and Consumer Action. The report makes recommendations to the Consumer Financial Protection Bureau (CFPB) to upgrade its consumer complaint tool, including the public consumer complaint database, so COVID19-related complaints can be handled more quickly and tracked better.

News Release | U.S. PIRG Education Fund and National Taxpayers Union Foundation | Tax

Report: Groups find ‘Common Ground’ on nearly $800 billion in cuts to wasteful federal spending

Even before COVID-19, the U.S. was on track to surpass a $1 trillion deficit. Current projections are climbing much higher. Once the immediate health crisis begins to subside, lawmakers will face the challenge of adopting a 2021 federal budget in a time of reduced revenue. U.S. PIRG Education Fund and National Taxpayers Union Foundation have come together to recommend over 50 bipartisan spending reform recommendations for Congress, totaling nearly $800 billion in savings.

News Release | U.S. PIRG Education Fund | Higher Ed

Private lenders announce they’ll suspend student loan payments

 

State leaders secure relief to cover most Americans with student loans

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