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Blog Post | Consumer Protection

As CFPB Advances Consumer Protection, Attacks on CFPB Escalate | Ed Mierzwinski

This week, the CFPB took a major step toward establishing a regulation restricting the use of forced arbitration clauses in consumer financial contracts, which give companies what the CFPB's director said was a "free pass from being held accountable by their customers." Meanwhile, on Capitol Hill, powerful bank interests escalated their campaign to defund and defang the bureau, because it works for consumers, not them.

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News Release | Illinois PIRG Education Fund | Tax

72% of Fortune 500 Companies Used Tax Havens in 2014

Tax loopholes encouraged more than 72 percent of Fortune 500 companies -- including 29 in Illinois -- to maintain subsidiaries in offshore tax havens as of 2014, according to “Offshore Shell Games,” released today by Illinois PIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 65 percent of the total, or $1.35 trillion.

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Report | Illinois PIRG Education Fund | Tax

Offshore Shell Games 2015

U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their fair share, many multinational

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News Release | Illinois PIRG | Tax

Deepwater Horizon Settlement Comes with $5.35 Billion Tax Windfall

Today’s announcement by the U.S. Department of Justice of a proposed $20.8 billion out-of-court settlement with BP to resolve charges related to the Gulf Oil spill allows the corporation to write off $15.3 billion of the total payment as an ordinary cost of doing business tax deduction.

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Blog Post | Consumer Protection

Tips for T-Mobile/Experian Data Breach Victims | Abe Scarr

Reports indicate Experian lost data for 15 million customers and applicants of the wireless phone company T-Mobile, including names, addresses and birth dates and social security numbers, among other information breached from the consumer files

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News Release | Illinois PIRG Education Fund | Budget, Tax

Off-Shore Tax Havens Cost Illinois Taxpayers $490 a Year

Major corporations and some individuals avoid a total of as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries. As a result, Illinois taxpayers are left footing the bill.

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News Release | Illinois PIRG Education Fund | Health Care

Health Care Repeal Would Have Costly Consequences for Illinois Consumers and Small Businesses

Consumers and small businesses in Illinois will face significantly higher insurance premiums and could see costly coverage denials and price discrimination if efforts to repeal the federal health care law prevail in Congress or in the courts, according to The Cost of Repeal: Examining the Impact on Illinois of Repealing the New Federal Health Care Law, a new report released today by Illinois PIRG.

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News Release | Illinois PIRG | Transportation

Myth Busted: Road Costs Not Covered by Gas Taxes

A new report released today by the Illinois Public Interest Research Group (Illinois PIRG) disproves the common misperception that road-building is paid for by user fees, showing that gas taxes cover barely half the costs of building and maintaining roads, a fraction which is likely to fall steadily.

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News Release | Illinois PIRG Education Fund | Transportation

Experience Shows High-Speed Rail Can Boost Economy, Reduce Traffic

Drawing lessons from other countries, a new study from Illinois PIRG shows that high-speed rail can boost our economy, save energy, curb pollution and provide a popular alternative to congested roads and airports.

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News Release | Illinois PIRG Education Fund | Transportation

High-Speed Rail "Part of the Solution"

A new report puts clear numbers and a clear vision on how high-speed rail will boost the Midwest economy, reduce highway and airport congestion, reduce dependence on oil, and protect the environment.

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