Illinois PIRG Ban Roundup & CFPB Homepage 3.16.17

What's New

Blog Post | Consumer Protection

U.S. House Considers Delay To Financial Protections for Servicemembers, Veterans | Ed Mierzwinski

(UPDATED 30 April): Last year the Department of Defense proposed needed improvements to the 2007 Military Lending Act, since high-cost lenders were exploiting loopholes to evade the law's 36% APR cap on loans to servicemembers to make loans at 400% APR or more, harming military families and threatening unit preparedness to defend the nation. Now, days before a committee vote, predatory lenders have succeeded in convincing House Armed Services Committee leaders to insert language into the National Defense Authorization Act that would delay the DoD regulations up to a year while needless, redundant studies are prepared. Only in Washington.

> Keep Reading
News Release | Illinois PIRG | Consumer Protection

New Analysis of Exelon Bailout by BEST Coalition

The Exelon bailout costs us not only as ratepayers but also as taxpayers. If the Exelon bailout becomes law, Chicago taxpayers would be on the hook for an estimated five million dollars a year for over five years -- on top of increases to their utility bills.

> Keep Reading
News Release | Illinois PIRG Education Fund | Democracy

Mayoral Election Dominated by Big, Out of Town Money

Thicker wallets gave big donors an outsized voice in this year’s mayoral election, according to new analysis of campaign finance data by Illinois PIRG Education Fund. Contributions greater than $1,000 accounted for 92% of the money contributed to the Emanuel and Garcia Campaigns, while under 2% of the money contributed came from contributions of less than $150. A clear majority -- 58% -- of money contributed, came from donors living outside Chicago.

> Keep Reading
News Release | U.S. PIRG | Consumer Protection

PIRG Commends Release of Labor Dept.'s Proposed Rule To End Conflicted Retirement Advice

PIRG today commended the public release of the Department of Labor’s proposed rule that would strengthen the ability for Americans to save for retirement by addressing conflicts of interest that arise when brokers and financial advisers give retirement advice. Wall Street will fight the rule hard, because it requires them to put consumers first.

> Keep Reading
News Release | Illinois PIRG | Tax

Illinois Small Businesses Foot $4,570 Bill from Offshore Tax Dodging

As Tax Day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. Illinois PIRG released a new study today revealing that the average Illinois small business owner would have to pay an extra $4,570 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.  

> Keep Reading

Pages

Media Hit | Higher Ed

The New Student Battle Cry: Don't Double My Rate!

The media and the country are just waking up to the alarming fact that unless Congress acts by July 1, the interest rate on subsidized Stafford student loans will double from 3.4 percent to 6.8 percent. Congress must not let that happen.

> Keep Reading
News Release | Illinois PIRG | Tax

Infrastructure Trust Approved Without Proper Taxpayer Protections

Today the Chicago City Council voted 41-7 to establish the Chicago Infrastructure Trust, despite many continued, substantial concerns from aldermen, Illinois PIRG and other advocacy organizations, and members of the public.

> Keep Reading
News Release | Illinois PIRG | Budget

Offshore Tax Havens Cost Average Illinois Taxpayers $508 a Year, Each Illinois Small Business $2,556, New Study Finds

With tax day approaching, a new study released by Illinois PIRG found that the average Illinois taxpayer in 2011 would have to shoulder an extra $508 tax burden make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report “Picking up the Tab” also found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in Illinois would have to foot a bill of $2,556 on average.

> Keep Reading
News Release | Illinois PIRG Education Fund | Transportation

New Report: Long-Term Drop in How Much People Drive

A new report released today by the Illinois PIRG Education Fund demonstrates that Americans have been driving less since the middle of last decade. The report shows that young people in particular are decreasing the amount they drive and increasing their use of transportation alternatives.

> Keep Reading
News Release | Illinois PIRG | Tax

Public Needs More Details on How Infrastructure Program Will be Financed

Illinois PIRG field director, Celeste Meiffren, released a statement today, in response to Mayor Emanuel’s “Building a New Chicago” program announcement.

> Keep Reading

Pages

Blog Post | Tax

Budget Season | Celeste Meiffren

'Tis the season to... fill gaping budget deficits.

Cook County is facing a budget deficit of $315 million, and Cook County Board President Toni Preckwinkle unveiled her plan to fill it yesterday.

> Keep Reading
Blog Post | Tax

The Super Committee should be super open | Celeste Meiffren

Our nation faces enormous fiscal challenges. As part of the deal that was recently struck to raise America’s debt ceiling, Congress established a new Joint Select Committee on Deficit Reduction to narrow the total budget gap by $1.5 trillion over the next decade. This “Super Committee” must report its findings by Thanksgiving, and if a majority of its 12 members support its conclusions, both houses of Congress will consider the resulting legislation under expedited procedures by December 23, 2011.

> Keep Reading
Blog Post | Tax

Midway Airport Lease Resurgence | Celeste Meiffren

Is the deal to lease Midway Airport to a private company coming back?

> Keep Reading
Blog Post | Tax

A More Transparent Cook County | Celeste Meiffren

Yesterday, Cook County released an unprecedented amount of data on their website: http://data.cookcountyil.gov/.

Using the same technology as the City of Chicago's Data Portal, Cook County has posted data related to economic development, county finances, public safety, property and taxation, and more.

> Keep Reading
Blog Post | Budget, Tax

Wait, what is TIF? | Celeste Meiffren

I was at a BBQ this weekend for Labor Day and a friend of mine told me that she had been reading 'Tax Dollars and Sense,' but was embarrassed because she had no idea what tax increment financing is. That's understandable.

So, in an effort to hold up the "sense" part of this blog, here is a quick breakdown of what a TIF is and how it works.

> Keep Reading

Pages

Priority Action

We're calling on the EPA to ban Monsanto's Roundup unless and until independent research proves it's safe. Let's hold them accountable.

Support Us

Your donation supports Illinois PIRG’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