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News Release | WISPIRG | Financial Reform

SENATE CONFIRMS CFPB DIRECTOR CORDRAY, “GOOD NEWS FOR CONSUMERS AND FIRMS THAT WANT TO PLAY FAIR”

The July 16, 2013 confirmation of Richard Cordray to head the CFPB for a full term is good news for consumers, and for firms that want to play fair in the financial marketplace. The CFPB was created to rein in the reckless Wall Street practices that blew up our economy almost five years ago. Big banks that rely on consumer tricks and schemes to make money have wanted to kill the CFPB ever since, and for good reason: The CFPB has been enforcing critical consumer protection laws, and already forced Capital One to return $140 million in unfair credit card fees to consumers.
 

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Report | WISPIRG | Health Care

Top 20 Pay for Delay Drugs

Too often, consumers are forced to shoulder a heavy financial burden, or even go without needed medicine, due to the high cost of brand-name drugs. Our research indicates that one significant cause is the practice called “pay for delay,” which inflates the drug prices paid by tens of millions of Americans.
 

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News Release | WISPIRG | Health Care

Twenty Top Generic Drugs Delayed By Industry Payoffs

Wisconsinites with cancer, heart disease, epilepsy and other conditions have been forced to pay an average of 10 times more than necessary for at least 20 blockbuster drugs, according to a report released by the Wisconsin Public Interest Research Group (WISPIRG) and Community Catalyst. The report, “Top Twenty Pay-for-Delay Drugs: How Drug Industry Payoffs Delay Generics, Inflate Prices and Hurt Consumers,” reveals that these drugs were subject to an industry practice called “pay for delay,” in which brand name pharmaceutical companies pay off generic drug manufacturers to keep lower cost equivalents off the market, forcing consumers to pay higher brand-name drug prices.
 

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News Release | WISPIRG | Financial Reform

WISCONSINITES TELL SENATOR JOHNSON TO STOP CODDLING PREDATORY LENDERS AND BLOCKING CONSUMER FINANCIAL PROTECTION

The Wisconsin Public Interest Research Group (WISPIRG) and Americans for Financial Reform (AFR) delivered to the office of Sen. Ron Johnson the signatures of 5,180 citizens of Wisconsin, who call on the Senate to confirm Richard Cordray to a full term as director of the Consumer Financial Protection Bureau. Under current Senate rules, 60 votes would be required to confirm the nomination but that favorable outcome for consumers is blocked by Senator Johnson and 42 other Senators who have pledged to oppose Cordray unless the CFPB is first weakened.
 

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Blog Post | Democracy

Wisconsin Bill Would Double Campaign Contribution Limits, Increase Big Money in Politics | Bruce Speight

On June 10, the Wisconsin General Assembly passed a bill that, if passed by the Senate, would double the contribution limits to Wisconsin political campaigns and allow big money to further drown out the voices of Wisconsin voters. The bill also contains a provision to implement an online registration system — a great idea, but not enough to make this big-money bill worth passing.
 

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News Release | WISPIRG | Transportation

Greasing the Wheels

Are campaign contributions greasing the wheels for new highway construction?

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News Release | WISPIRG | Health Care

Small Business-owners Meet Senators, White House & Deliver a Message: Small Businesses Need Real Health Reform

As Congress prepares for floor debates on health reform this week, the owners of over 130 small businesses from across the country flew into Washington, D.C., with one simple yet urgent message: America's small businesses need real health reform.

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Milwaukee Journal Sentinel: Moore's amendment on credit insurance regulation draws fire

Rep. Gwen Moore, who says her own experience with predatory lending drew her to politics, is raising the ire of consumer advocates for trying to stop a proposed consumer protection agency from regulating credit insurance.

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News Release | WISPIRG | Health Care

Local Small Business: “If I Ran My Business the Way Health Care Does, I’d Have to Shut My Doors”

Wisconsin small business owners are being crushed by rising health care costs according to a new report released by Wisconsin Public Interest Research Group today.

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News Release | WISPIRG | Health Care

Good Government Group Debunks Insurance Industry's Attacks on Reform

The newly released report on health care costs released by accounting giant Price Waterhouse Coopers and paid for by the insurance lobby, America’s Health Insurance Plans, is just one more industry scare tactic, according to the good government and consumer group Wisconsin Public Interest Research Group.

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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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