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Blog Post | Financial Reform

House Floor Vote on Budget Delayed over Special Interest "Riders" From Wall Street, Other Powerful Interests | Ed Mierzwinski

UPDATED: Opposition to a controversial provision authored by Citibank forced House leaders to delay consideration of the "CRomnibus" appropriations package just hours before funding for the federal government expired at midnight Thursday. Eventually the bill passed narrowly with the Wall Street provision intact. Action now shifts to the Senate, which has a 48-hour window to pass the bill, but any one Senator can block it under Senate rules. The provision would again allow Wall Street banks to place risky bets with taxpayer-backed funds, and require taxpayers to bail them out if the bets fail, repealing a key protection added in the 2010 Wall Street reform law. 

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Report | CALPIRG Education Fund | Health Care

Health Insurance Rate Watch: Comments on Blue Shield Rate Filing

Blue Shield has proposed rate increases as high as 9.7 percent for policyholders in its “grandfathered” health insurance plans, those that were established before the Affordable Care Act was signed into law, affecting 40,070 Californians currently covered under the plans. CALPIRG Education Fund's Health Insurance Rate Watch project reviewed Blue Shield's rate filing and raised a number of questions and concerns to the California Department of Insurance. 

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News Release | CALPIRG | Democracy

Supreme Court decision added $24.8 million in additional campaign spending by mega-donors

A small cadre of megadonors were the only ones to benefit from the Supreme Court's continued wrongheaded approach to protecting "free speech" in their McCutecheon v. FEC decision, from earlier this year. CALPIRG found that 510 large donors surpassed the $123,200 aggregate limit on giving to federal candidates that McCutcheon struck down, leading to an additional $24.8 million in big donor spending nationally. 

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News Release | CALPIRG | Democracy

Supreme Court decision added $24.8 million in additional campaign spending by mega-donors

A small cadre of megadonors were the only ones to benefit from the Supreme Court's continued wrongheaded approach to protecting "free speech" in their McCutecheon v. FEC decision, from earlier this year. CALPIRG found that 510 large donors surpassed the $123,200 aggregate limit on giving to federal candidates that McCutcheon struck down, leading to an additional $24.8 million in big donor spending nationally. 

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Report | CALPIRG Education Fund | Consumer Protection

Trouble in Toyland 2014

Among the toys surveyed this year, we found numerous choking hazards and five toys with concentrations of toxics exceeding federal standards. In addition to reporting on potentially hazardous products found in stores in 2014, this installment of the report describes the potential hazards in toys and children’s products.

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News Release | CALPIRG Education Fund | Consumer Protection, Higher Ed

BANKS SKIM MILLIONS IN FEES FROM STUDENT AID

Banks and other financial firms take advantage of partnerships with colleges and universities, harming students.

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News Release | CALPIRG Education Fund | Safe Energy

Statement on the Resignation of NRC Chairman Gregory Jaczko

“We are deeply concerned by Chairman Gregory Jaczko’s resignation from the Nuclear Regulatory Commission. While we may not have always seen eye to eye with the Chairman, he has been the lone advocate on the Commission for addressing some key nuclear safety concerns that put public health and safety at risk."

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News Release | CALPIRG Education Fund | Democracy

Bank of America Shareholders to Vote on Political Spending Resolution

On Wednesday, May 9th, shareholders at Bank of America will vote on a first-of-its-kind “refrain from political spending” resolution. The resolution would request that the board of directors impose a ban on the use of corporate treasury funds to influence the political process. This would include contributions to Super PACs, political non-profits, such as the American Legislative Exchange Council (ALEC) of which Bank of America is a known member, and trade associations, such as the Chamber of Commerce.

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News Release | U.S.PIRG | Higher Ed

Interest Rate Hike Threatens College Affordability, Will Lead to 20% Increases in Cost of College Next Year

Today, U.S. PIRG, the Young Invincibles, the Center for American Progress, and Campus Progress released a joint report on the looming threat of a major hike in the federal student loan interest rate. If Congress fails to act by July 1, the interest rate for Direct Subsidized Stafford Loan will double, rising to 6.8 percent. 

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News Release | CALPIRG | Budget, Food

SENATE COMMITTEE APPROVES NEW TAXPAYER GIVEAWAYS TO BIG AG

Statement of Emily Rusch on the Senate Agriculture Committee’s approval of the 2012 Farm Bill: As this flawed legislation heads to the Senate floor, we urge Senators to stand with the public, not Big Ag. 

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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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