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Blog Post | Consumer Protection

CFPB says 1 in 5 credit scores sold to consumers have "meaningful" differences from scores lenders useDeirdre CummingsEd Mierzwinski

The CFPB has confirmed what consumer advocates have been saying all along. Credit scores heavily marketed to consumers aren't the same as those used by lenders; at least 1 in 5 consumer scores have "meaningful" differences and that "score discrepancies may generate consumer harm." That's why we call them FAKO scores.

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News Release | MASSPIRG | Health Care

Leading consumer, health care and senior and community advocates strong opposition to regulations approved today by the Department of Public Health.

Drug companies are free to ply doctors with lavish multi-course meals and drinks, paid for by pharmaceutical industry marketing budgets, and ultimately tacked on to the price of prescriptions

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Media Hit | Budget, Tax

We Need A Win

By their very nature, anonymous shell corporations are a problem that remains under the radar. Anyone can easily set up an anonymous corporation, but Massachusetts, as well as Connecticut and Maine, are uniquely positioned to play a key role in shutting them down.

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Blog Post | Consumer Protection, Financial Reform

It happened 4 years ago this weekend, and Congress has already forgottenDeirdre CummingsEd Mierzwinski

Four years ago, on September 14-15, 2008, the Lehman Brothers investment bank declared bankruptcy while Bank of America acquired another foundering investment bank, Merrill Lynch -- major events that froze the financial markets and led in a few days to a $700 billion bailout of the financial system. Just four years later, some in the Congress have forgotten that real people and the economy are still suffering from the financial collapse, as it steps up Wall Street-backed efforts to prevent regulators from protecting the public.

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Media Hit | Budget, Food, Tax

Farm Bill needs to Cut the Fat

Of the $277 billion spent on agricultural subsidies since 1995, 75 percent of the total went to just 3.8 percent of U.S. farmers, skewed towards the largest farms — not small family farms. Massachusetts consumers’ share of the cost for junk food subsidies is about $22.6 million each year on average, compared with just under $800,000 in subsidies for apples. That’s enough to buy 61 million Twinkies, but only 1.6 million apples.

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News Release | MASSPIRG | Budget, Tax

Amendment Passes to Crack Down on Offshore Tax Cheats

Statement of MASSPIRG’s Deirdre Cummings on the passage of the U.S. Senate Amendment 1818, introduced by Senators Levin, Conrad, and Whitehouse to the Transportation Bill.

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Boston Globe - Profits up at Mass. health insurers

Capitalizing on fewer people seeking medical care and submitting claims, the state’s four biggest commercial health insurers posted sharply higher earnings for 2011 while their executives collected more pay, according to reports released yesterday.

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News Release | MASSPIRGf | Consumer Protection

Bank of America Tries New Fees Again

Statement of Deirdre Cummings

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News Release | MASSPIRG | Budget, Tax

White House Plan to Close Special Interest Tax Loopholes Is the Right Approach to Reform, But Details Matter

Statement by Deirdre Cummings, Legislative Director, MASSPIRG  in response to the White House announcement today proposing to eliminate tax loopholes and preferences. “The President has put forward the beginnings of a tax reform plan that takes the right approach, but is still missing critical details..."

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WCVB TV - You Could End Up Paying for Power Outages

If the state’s big power companies have their way, Bay State homeowners and businesses will be slammed with a $160 million record repair bill that comes with big questions about how the region’s utilities responded to massive power outages in the wake of Tropical Storm Irene and a late October snowstorm.

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