Reports

Protecting Those Who Serve

Hartford, CT – Debt collection abuses were the leading source (32%) of 44,000 servicemember complaints to the Consumer Financial Protection Bureau (CFPB), according to a new report. Further,  Congress is taking up a bill this week  intended to cripple the CFPB and would place servicemembers, veterans and their families in “financial harm’s way,” thereby threatening unit preparedness.

Report | ConnPIRG | Transportation

Highway Boondoggles 3

A new report by the Connecticut Public Interest Research Group (ConnPIRG) Education Fund and Frontier Group identifies nine of the most wasteful highway expansion projects across the country, slated to collectively cost at least $10 billion. Making the list of national highway boondoggles is the proposed I-84 expansion in Danbury, expected to cost $715 million. This third iteration of the highway boondoggles report details how despite America’s mounting repair and maintenance backlog, and in defiance of America’s changing transportation needs, federal, state and local governments across the country, including Connecticut, continue to spend billions each year on expanding highways. The report disputes the claims used to justify these investments and argues that the projects are outright boondoggles.

Report | U.S. PIRG | Financial Reform

Student, Education, and Consumer Groups Defend CFPB To Congress

On February 13, nearly 60 local, state and national student advocacy, professional, consumer, educational, faith and other organizations sent a letter to Congressional leaders expressing "strong support for the crucial work the Consumer Financial Protection Bureau (CFPB) does on behalf of student loan borrowers." The "borrower-focused" letter also urged Congress "to ensure the agency remains well-positioned to solve borrowers’ problems, which includes protecting the Bureau’s single-Director structure and its independent funding, and maintaining Director Richard Cordray until his term ends." (Letter below and attached as pdf).

Report | ConnPIRG Education Fund | Make VW Pay, Transportation

From Deceit to Transformation

A new report from ConnPIRG Education Fund finds that $51.6 Million from the Volkswagen (VW) settlement is headed to Connecticut to help clean up the state’s transportation system and recommends using the funds to purchase electric vehicle fast charging stations for the state’s highways along with an aggressive expansion of all-electric transit buses to replace aging, dirty, diesel buses.

Report | ConnPIRG Education Fund and Frontier Group | Consumer Protection

Big Banks, Big Overdraft Fees

Overdraft fees are a major source of consumer pain, since they are borne disproportionately by Americans with few financial resources. Through the first three quarters of 2016, 626 large banks reported collecting $8.4 billion in revenue from overdraft and NSF fees, an increase of 3.6 percent over the same period in 2015. American consumers should look to the Consumer Financial Protection Bureau (CFPB), which has already enforced overdraft regulations and returned millions of dollars to consumers, to take new action to prevent unfair overdraft fees.

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