Financial Reform

EU NGOs Blast Google Locational Data Collection as US Groups Blast FTC on Privacy

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Today, 7 member groups of the European Consumer Organization (BEUC) asked each of their national Data Protection Authorities to investigate Google Android's smartphone locational data collection practices following an investigative report by the Norwegian Consumer Council (Forbrukerrådet) finding that Google may be in violation of the new European GDPR privacy law. All the groups are members of the U.S. PIRG-backed TransAtlantic Consumer Dialogue, which itself  followed up on the report and EU actions with a letter to the U.S. Federal Trade Commission. Meanwhile, as the Senate prepared for an afternoon FTC oversight hearing today where Facebook may be a focus, we joined leading groups in a separate letter to complain to the FTC about its biased staff report that adopts unsubstantiated industry claims in defense of an FTC call to the administration for weak baseline privacy choices. 

2019 Fight Over Data Privacy Rights Heating Up Already

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Next year, a highly-anticipated privacy and data rights battle will occur in Congress. Powerful special interests from Google to Facebook are responding to the new European General Data Privacy Regulation (GDPR) by seeking to quash any similar effort to protect U.S. consumers while simultaneously seeking to preempt a new California privacy law before it takes effect in 2020. Will we continue as data collector products, not their customers, or will we gain control over our own financial DNA? The state PIRGs are in this one; guess which side we're on. Today we joined 34 leading groups in issuing shared Privacy Principles.

The Facebook Data Breach: What You Need to Know and What You Should Do

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

This guest post from Nathan Acks of the State PIRG Internet Security team offers background on the latest Facebook breach and what you can do.

Ten Years After Lehman, Lessons of Financial Collapse Ignored, Not Forgotten

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

Ten years ago this weekend the collapse of investment bank Lehman Brothers marked the massive financial collapse of 2008. Millions of Americans lost homes, jobs and trillions of dollars in retirement savings. Today, the financial collapse hasn't been forgotten, it's being ignored by Congress and Wall Street.

Latest Trojan Horse Data Breach Bill (HR6743-Luetkemeyer) Could Be Called "Equifax Protection Act"

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

On Thursday, 13 September, the House Financial Services Committee is to consider the latest in a long series of data security and data breach bills that Congress takes up at the request of the banks. These Trojan Horse bills come riding in with few, if any, protections riding in the saddle, but massive elimination of stronger state laws hidden in the belly of the beasts. The proposal, HR6743, the Consumer Information Notification Requirement Act (Luetkemeyer (MO)), might also be called the “Equifax Protection Act.”

We Join Leading Groups Urging SEC To Strengthen Weak Investor Best Interest Proposal

By | Ed Mierzwinski
Senior Director, Federal Consumer Program

We've joined leading consumer, civil rights, labor and older American organizations in a comment letter urging the Securities and Exchange Commission (SEC) to strengthen its proposed "Regulation Best Interest" intended to ensure that all broker-dealers and other individuals and firms offering investment advice act do so in a fiduciary capacity, or in the best interest of their investor-clients. (Right now, it doesn't).

Report | U.S. PIRG Education Fund | Financial Reform

Debt Collectors

Report: Our latest report based on the CFPB's public Consumer Complaint database reviews the most-complained about debt collectors. Funny, a new CFPB complaint "snapshot" does not. The report comes as the CFPB's acting director threatens to make the database non-public. If the CFPB both shuts down the public database and continues to issue industry-friendly reports that don’t give out any real information, the public and marketplace harm is even greater.

News Release | U.S. PIRG Education Fund | Financial Reform

Unlike CFPB’s “Snapshot,” PIRG report reveals which debt collectors Americans file complaints about most

News Release: Our latest report based on the CFPB's public Consumer Complaint database reviews the most-complained about debt collectors. Funny, a new CFPB complaint "snapshot" does not. The report comes as the CFPB's acting director threatens to make the database non-public. If the CFPB both shuts down the public database and continues to issue industry-friendly reports that don’t give out any real information, the public and marketplace harm is even greater.

Report | U.S. PIRG Education Fund | Financial Reform

Shining A Light on Consumer Problems:

Our report, Shining A Light on Consumer Problems: The Case for Public Access to the CFPB’s Financial Complaints Database, details why it is important that the highly successful Consumer Financial Protection Bureau database of over one million consumer complaints remain open to the public, so consumers, researchers and others can study the financial marketplace.

Over 80 Groups Oppose S.2155 & its Benefits for the Credit Bureaus

By | Mike Litt
Consumer Campaigns Director, U.S. PIRG

Today, we sent a letter addressed to all members of the House of Represenatives in opposition to S. 2155, or as we call it, the Bank Lobbyist Act. We are joined by 84 other groups and leaders, representing communities, consumers, servicemember, and workers across the country. In particular, this letter explains how the bill benefits Equifax and the other national credit bureaus at the expense of average consumers and our military servciemembers. 

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