Financial Reform

News Release | WashPIRG | Financial Reform

Robo-Signing Settlement With Big Banks Is Important Step

Today's settlement by the U.S. and 49 state attorneys general with the 5 biggest mortgage servicers - the big banks Citibank, Bank of America, Wells Fargo and JP Morgan Chase, along with Ally Financial - is an important and enforceable first step toward holding the big banks accountable for not only wrecking the economy but using a variety of unfair foreclosure practices to ruin the lives of millions of Americans and, in many cases, taking their homes illegally.

News Release | WashPIRG and Citizens for Tax Justice | Financial Reform

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – Washington Public Interest Research Group (WashPIRG) and Citizens for Tax Justice reveal 30 corporations that spent more to lobby Congress than they did in taxes.

Report | WashPIRG Foundation | Financial Reform

Representation Without Taxation

Marking the second anniversary of the Supreme Court’s decision in the Citizens United vs. Federal Election Commission case, this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and distort the tax code to avoid billions of dollars in taxes.

News Release | WashPIRG | Consumer Protection, Financial Reform

WashPIRG Statement of Support for Confirmation of Richard Cordray as Director of CFPB

On Tuesday, Sept. 6 the US Senate is set to begin hearings on the confirmation of President Obama’s choice of Richard Cordray as Director of the Consumer Financial Protection Bureau, and The Washington Public Interest Research Group (WashPIRG) is calling on Senators Patty Murray and Maria Cantwell for their support of this outstanding nominee. 

Report | WashPIRG | Financial Reform

Ten Reasons Why We Need the Consumer Financial Protection Bureau Now

This report outlines predatory financial practices that hurt consumers and helped collapse the economy, costing us eight million jobs, millions of foreclosed homes and trillions of dollars in lost home and retirement values. It explains these and other emerging problems as “10 Reasons We Need The Consumer Financial Protection Bureau Now.”

Media Hit | Financial Reform

Senate needs to move forward on confirming new chief for the Consumer Financial Protection Bureau

The good news is that on July 21 the landmark Consumer Financial Protection Bureau (CFPB) takes over as the nation’s chief consumer bank regulator. The bad news is that because no director has been confirmed, the Bureau will not be able to effectively protect consumers in the financial marketplace that includes payday lenders, mortgage companies, and credit bureaus.

News Release | WashPIRG | Financial Reform

WashPIRG Statement on the Introduction of the Stop Tax Haven Abuse Act

“No company or individual should be able to game the tax system to avoid paying what they legitimately owe. And, yet, establishing shell companies in off-shore havens for the purpose of tax avoidance is becoming more the rule than the exception for at least 83 of the nation’s top 100 publicly traded companies."

News Release | WashPIRG | Financial Reform

Keeping Foxes In Charge of the Chicken Coop

With overwhelming public support that continues, Congress in July 2010 passed important new financial rules and created the Consumer Financial Protection Bureau (CFPB) to oversee and regulate financial services from a consumer-based perspective. Now, less than two months before the landmark consumer cop takes over, the U.S. House of Representatives is poised to “stick a knife in its ribs,” in the words of Elizabeth Warren, who has been tasked by President Obama with running the CFPB.

News Release | WashPIRG | Financial Reform

Two Years After Passing the Credit CARD Act, Congress Steps Up Attacks on Consumer Cop Designed to Enforce It

“The Credit CARD Act of 2009 has eliminated numerous credit card tricks and traps without causing skyrocketing interest rates or any of the other horrible side-effects that the banks once warned about.  In spite of that success, the banks and their Congressional allies are now seeking to eliminate the CFPB, the new consumer cop created to enforce the CARD Act and protect consumers from other tricks of the trade, like deceptive mortgage practices and unfair overdraft fees.

News Release | WashPIRG | Financial Reform

Off-shore tax havens cost each WA taxpayer $390 extra this year

Major corporations, including Boeing, avoid a total of up to $100 billion each year in federal taxes by “off-shoring” the profits they make in the U.S. or by setting up sham headquarters in tax haven countries. As a result, Washington taxpayers are left to make up the difference.


Subscribe to RSS - Financial Reform

Join Our Call

Tell your representative to stand up for our democracy, and amplify the voices of small donors in our elections.

Support Us

Your donation supports WashPIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code