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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 | Public Health

Calling for Big Action on Antibiotics in the Big Apple | Steve Blackledge

Last week, we were in New York City, where the United Nations General Assembly spent an entire day discussing antibiotic resistance, “the biggest threat to modern medicine.” Experts estimate that more than 700,000 people worldwide die from antibiotic-resistant infections each year, including 23,000 in the United States—a number that could grow to 10 million globally by 2050.

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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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Report | OSPIRG Foundation | Consumer Protection

Predatory Loans & Predatory Loan Complaints

This is the seventh in a series of reports that review complaints to the Consumer Financial Protection Bureau. In this report, we explore consumer complaints about predatory loans, categorized in the database as payday loans, installment loans, and auto title loans.

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News Release | OSPIRG Foundation | Transportation

New Report: Reduction in Driving Likely to Continue

As the number of miles driven by Americans heads into its eighth year of decline, a new report from the OSPIRG Foundation finds that the slowdown in driving is likely to continue. Baby Boomers are moving out of the phase in their life when they do the most commuting, while driving-averse Millennials move into that phase. 

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News Release | OSPIRG Foundation | Tax

Critical Information on Economic Development Tax Subsidies Remains Out of Public View

Critical details for over $665 million in economic development tax subsidies are still mostly out of reach for Oregonians. A new study released today by OSPIRG Foundation examined the reports made available on Oregon’s transparency website as a result of a two-year old transparency law, and found that only a small fraction of economic development subsidy programs covered by the law provide a report for public review.

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News Release | OSPIRG | Tax

Department of Justice Orders Release of More Hidden Tax Subsidy Data

In response to a petition filed by OSPIRG, the Oregon Department of Justice has ordered the Oregon Department of Revenue to release employment data about Enterprise Zones, a major tax subsidy program estimated to cost Oregon taxpayers over $75 million in the next two years.

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News Release | OSPIRG Foundation | Health Care

$80 Million In Health Insurance Waste Cut Since 2010

Since 2010, close scrutiny of health insurance rate hikes has cut over $80 million in waste and unjustified costs from health insurance premiums in Oregon, according to an OSPIRG Foundation report released today. The report also identifies changes to Oregon’s rate review program that would effectively tackle the biggest driver of costs: waste in the health care delivery system.

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News Release | OSPIRG | Tax

Offshore Tax Havens Cost Average Oregon Taxpayer $816 a Year, Oregon Small Business $2,350

With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going. The average taxpayer in Oregon in 2012 would have to shoulder an extra $816 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals, according to a new study released today by OSPIRG.

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Blog Post | Budget, Democracy, Tax

Starting to see a bit more clearly | David Rosenfeld

The state transparency website is being updated this week. There are improvements that can be made, including the posting tax subsidy information. Let us know your suggested improvements.

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Blog Post | Financial Reform

Wall Street Reform Floor Fight | David Rosenfeld

We look forward to a televised floor fight where the question Senators will need to answer is simple: ‘Are you for Wall Street, or Main Street?’

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Blog Post

Oregon legislature unanimously approves more help for homeowners | David Rosenfeld

The Oregon legislature gave final approval to an OSPIRG-supported new law that will give homeowners more tools to avoid foreclosure.

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Blog Post | Higher Ed

Wasteful student lender subsidies cut. Winner: students. | David Rosenfeld

Congress finally ended wasteful subsidies to student lenders that diverted billions of dollars annually away from helping more students go to college.

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Blog Post | Budget, Tax

Google Government Coming to Oregon | David Rosenfeld

The Oregon Legislature gave final approval to HB 2500 this morning, which sets up a one-stop website for taxpayer spending.

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