Financial Reform

Report | Florida PIRG Education Fund | Financial Reform

The Tax Shell Game

Tax havens are countries with minimal or no taxes, to which U.S.-based multinational firms or individuals transfer their earnings to avoid paying taxes in the United States. Users of tax havens benefit from access to America’s markets, workforce, infrastructure and security, but pay little or nothing for it—violating the basic fairness of the tax system.

News Release | Florida PIRG | Financial Reform

House Stands With Consumers Against Big Banks

The new financial reform legislation passed by the House of Representatives on Friday is an important step towards protecting consumers and taxpayers from reckless financial practices, according to Florida Public Interest Research Group, a national consumer organization.

News Release | Florida PIRG | Financial Reform

Consumer Financial Protection Agency Passes Key Committee

Today, the U.S. House Financial Services Committee approved landmark reform legislation establishing a proposed Consumer Financial Protection Agency, despite “often blatantly false attacks from industry opponents.” Although several exceptions to the agency’s coverage must still be addressed on the House floor or in the Senate, overall, the CFPA bill as passed creates an independent agency with broad authority to protect consumers in the financial marketplace.

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

Tax Shell Game

Many of the largest corporations in our country hide profits made in the United States in offshore shell companies and sham headquarters in order to avoid paying billions in federal taxes. The result is massive losses in revenue for the U.S. Treasury – which ultimately must be made up by taxpayers. The debt of a few is transferred to many – and to future generations. The U.S. Senate confirmed in the recently-passed fiscal year 2010 budget resolution that the use of offshore tax havens by large corporations “means that honest taxpayers face a higher burden.”

News Release | Florida PIRG | Financial Reform

AG Announces Initiative to Clean Up Florida's Debt Relief Industry

Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated enforcement effort targeting potentially improper tactics in Florida’s debt relief industry.

News Release | Florida PIRG | Financial Reform

Statement of Florida PIRG's National Consumer Program Director Ed Mierzwinski on Final Passage of Wall Street Bailout Legislation Today

Florida PIRG is deeply disappointed that Congress punted on enacting critical protections for taxpayers and homeowners in the Wall Street bailout legislation passed today.

News Release | Florida PIRG | Financial Reform

Statement: Defeat of Wall Street Bailout

Today the House of Representatives listened to concerned Main Street voters and taxpayers and defeated a defective Wall Street bailout.

Media Hit | Financial Reform

Florida's Debt Traps

The fight to stomp out predatory lending has always been difficult -- the minute lawmakers target one form of usury, another springs up to take its place. Florida is learning that lesson well: The state has already taken on abusive practices tied to the title-lending industry, which writes loans at triple-digit interest rates secured by borrowers' vehicles. Payday loan companies that also charge huge interest rates are also proliferating, despite state attempts to regulate them. An increasing number of elderly and disabled people isfalling into sticky traps of debt.

Beat High Bank Fees

Banks rely on consumer indifference when they raise fees. They count on consumers not shopping around. PIRG’s Big Banks, Bigger Fees reports routinely find that small banks and credit unions are not following the big banks’ lead; they still offer many free or low cost accounts.

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Protect the CFPB

The CFPB is under attack, and we need to tell our Senators to stand up and protect our consumer cop.

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