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Blog Post | Financial Reform

Financial Choice Act: A Cruel Choice for the CFPB & Consumers | Ed Mierzwinski

UPDATED 4/25 with link to our letter to Congress. This week, on Wednesday 4/26, the House FInancial Services Committee holds a hearing on Chairman Jeb Hensarling's Financial Choice Act 2.0. It's a brutal un-do of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act that forgets, or ignores, the historical fact that reckless bank practices abetted by loose regulators wrecked our economy in 2008. A key goal of the proposal is to weaken the successful CFPB into an unrecognizable husk incapable of protecting consumers.

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Blog Post | Transportation

Why Denver's Climate Change Proclamation is Important | Danny Katz

Last night, to little fanfare, the City and County of Denver unanimously approved a climate change proclamation.

This proclamation is important for a number of reasons.

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News Release | CoPIRG | Antibiotics

KFC Action Helps Protect Antibiotic Effectiveness, Combats “Superbugs”

The growing ranks of global health experts who have been alarmed by the rise in antibiotic-resistant “superbugs” have an unlikely new hero: KFC, the fried chicken giant.

Today, KFC U.S. announced that by the end of 2018, all chicken purchased by the company will be raised without antibiotics important to human medicine. A coalition of consumer and public health groups, including CoPIRG had urged the company to act on the issue. 

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News Release | CoPIRG | Transportation

CO House Passes Transportation Funding Bill

On Friday morning, the Colorado House aaproved the CoPIRG-backed HB17-1242, a bi-partisan bill that would invest hundreds of millions of dollars into transportation infrastructure and services over the next 20 years, including at least $100 million in multi-modal options that can provide safe routes to schools, better access to jobs and critical medical services, and more affordable and efficient choices to deal with congestion. The bill passed on a 41-24 vote.  

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News Release | CoPIRG | Transportation

House Committee Approves Transportation Funding Bill

After a seven-hour hearing, the Colorado House Transportation and Energy Committee approved the CoPIRG-backed HB17-1242, a bi-partisan bill that would invest hundreds of millions of dollars into transportation infrastructure and services over the next 20 years, including at least $100 million in multimodal options that can provide safe routes to schools, better access to jobs and critical medical services, and more affordable and efficient choices to deal with congestion. The bill passed with minor amendments and heads to the House Finance Committee. 

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News Release | U.S. PIRG | Public Health

Starbucks Ditches Routine Use of Medically Important Antibiotics in Poultry

Starbucks announced a commitment today to serve only poultry raised without the routine use of medically important antibiotics in U.S. stores by 2020 after dialogue with Green Century Capital Management, a leader in environmentally responsible investing. The Seattle-based chain’s commitment may help push the meat industry further away from overusing life-saving medicines.

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News Release | U.S. PIRG | Consumer Protection

Executive Orders Threaten CFPB, Other Critical Wall Street Reforms

The President is expected to sign Executive Orders today designed to re-rig the financial system by dismantling critical Wall Street reforms, including to weaken the Consumer Financial Protection Bureau. Our statement in opposition is below.

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News Release | U.S. PIRG | Consumer Protection

PIRG, Consumer Advocates Join Fight to Protect CFPB in Court

Today, U.S. PIRG, Americans for Financial Reform, The Leadership Conference on Civil and Human Rights, the Center for Responsible Lending, Self-Help Credit Union and Maeve Elise Brown, who chairs the CFPB Consumer Advisory Board, filed a motion with the DC Circuit, US Court of Appeals for leave to intervene in PHH vs. CFPB, a lawsuit challenging the CFPB's single-director structure. Today, Senator Sherrod Brown (OH) and Rep. Maxine Waters (CA), ranking members of the Senate Banking and House Financial Services Committees, also filed a similar motion. Earlier this week, 17 state Attorneys General filed a similar motion on behalf of their citizens. 

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News Release | U.S. PIRG | Financial Reform

CFPB Taps Former Pentagon Legal Official to Head Office of Servicemember Affairs

We join National Consumer Law Center, Americans for Financial Reform and other leading groups in a release commending the appointment of senior Pentagon official Colonel Paul Kantwill (U.S. Army, Retired) to lead the Consumer Financial Protection Bureau’s (CFPB) Office of Servicemember Affairs. The CFPB plays an important role in protecting servicemembers, veterans and their families from financial predators.

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Statement on Procter & Gamble’s New Preservative Tracker in Personal Care Products

Personal care product giant Procter & Gamble (P&G) recently unveiled a new preservative tracker, which lets consumers know which preservatives are included in various categories of P&G’s products, such as baby wipes, skin care, and hair care products. Consumers can search the tracker by ingredient or by product type.

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Report | CoPIRG Foundation | Public Health

Weak Medicine

Antibiotic-resistant bacteria infect more than 2 million people per year in the United States, causing more than 23,000 deaths. State governments, the FDA and other branches of the federal government should take steps to protect human health from the antibiotic-resistant bacteria that can develop on factory farms.

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Report | CoPIRG Foundation | Public Health

Ending the Abuse of Antibiotics in Livestock Production

Without urgent, coordinated action by many stakeholders, the world is headed for a post-antibiotic era, in which common infections and minor injuries which have been treatable for decades can once again kill.

Over 70% of antibiotics in classes used in human medicine are sold for use in food animals.  This is typically done to increase the speed at which animals gain weight or to prevent disease caused by unhealthy and unsanitary conditions.

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Report | CoPIRG | Transportation

Analysis of SB-197, Public Protections in Private Road Deals

Success in public-private partnerships (PPPs) for transportation projects is not measured by whether you complete a deal but rather whether that deal is good for Colorado and the public interest.

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Report | CoPIRG Foundation | Safe Energy

Compilation of SelfEEs

To show the widespread support for energy efficiency programs in Colorado, Coloradans particpated in CoPIRG, Environment Colorado and the Southwest Energy Efficiency Project's SelfEE campaign.

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Report | CoPIRG | Tax

Picking Up the Tab 2014

Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their state and federal income tax liability by billions of dollars. This report looks at the cost of this abuse to taxpayers and small businesses.

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Blog Post | Antibiotics

Another (yes, another) reason to stop overusing antibiotics | Matthew Wellington

Researchers from The Ohio State University published a report today about the discovery of E-coli bacteria resistant to the antibiotic carbapenem in an Ohio swine facility. Uh oh.

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Blog Post | Consumer Protection

Addicted to Hand Sanitizer: A Wells Fargo Scandal Update | Ed Mierzwinski

More questions continue to be raised about the Wells Fargo scandal. When did it really start- 2013, 2011 or 2005? What did execs know and when did they know it? How many frontline employees were fired because they complained as whistleblowers? Does setting up a fake account constitute criminal identity theft? Should deposed chairman and CEO John Stumpf go to jail? If the culture was pure, how did a frontline worker get "addicted to (drinking) hand sanitizer? Should he pay back more bonus compensation? Here's a flyaround of some of what's going on. By the way, did you know that even the Better Business Bureau has thrown Wells out?

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Blog Post | Consumer Protection

Consumer Financial Protection Bureau: By the numbers | Kathryn Lee

The Consumer Financial Protection Bureau released a breakdown of their successes they’ve had in the short five-year period they’ve been established. We're very proud to have been a part of building it and defending it; we're also very proud of the many achievements the youthful CFPB has made to make the financial marketplace fairer for consumers.

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Blog Post | Consumer Protection

Will Wells Fargo CEO Tell Senate "No Clawbacks" of Exec's Golden Parachute? | Ed Mierzwinski

Wells Fargo CEO John Stumpf goes before the Senate Banking Committee Tuesday (9/20) to explain the recent $185 million in combined civil penalties by the CFPB and other regulators over a sales goals incentive scandal that led to employees opening some 2 million fake, secret accounts without the knowledge of customers. How will he respond to the growing public clamor for a clawback of bonuses paid his top retail executive Carrie Tolstedt, whose retirement with a $125 million golden parachute package had been announced earlier this summer? 

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Blog Post | Consumer Protection

Wall Street Ramps Up Attacks on Wall Street Reform | Ed Mierzwinski

On Friday, the House overwhelmingly approved a Wall Street-driven proposal to weaken oversight of private equity firms, taking a chunk out of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. But wait, there's so much more: On Tuesday the House Financial Services Committee takes up the so-called "Financial Choice Act," which eviscerates most of Dodd-Frank's key reforms, from stripping powers of the Financial Stability Oversight Council to repealing the Volcker Rule, which reins in risky betting practices that use depositors' money. As for the CFPB (which just this week issued its biggest fine to date, $100 million against Wells Fargo Bank for opening hundreds of thousands of fake and secret consumer accounts to meet sales goals), the proposal would defund and defang it and delay or stop its efforts to rein in unfair practices of payday lenders, debt collectors and banks. Many of the Financial Choice Act's provisions also pose threats as budget bill "riders."

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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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