Press Releases

Watchdog: New FTC Rule Would Boost Earnings for Millions of Americans Despite Industry Objections

Economic Security and Corporate Power
April 23, 2024

Today, the Federal Trade Commission (FTC) announced its final rule banning noncompetes nationwide, safeguarding the right of workers across the country to seek new opportunities and opening the door for up to $488 billion in increased worker earnings over the next decade, or an estimated $524 in earnings for the average employee per year.

Press Releases

Analysis: Senate Republicans Took Big Checks From Big Banks Weeks Before Co-Sponsoring Resolution to Protect $41 Credit Card Late Fees

Economic Security and Corporate Power
April 23, 2024

An Accountable.US review of new corporate political spending data from the Federal Election Commission found that in March 2024 alone big bank trade groups gave $36,000 to Republican U.S. Senators who weeks later co-sponsored a Congressional Review Act Resolution to kill the Consumer Financial Protection Bureau’s (CFPB) popular new rule capping cre

Press Releases

New Reports Show Massive Big Pharma Influence-Peddling to Stop President Biden’s Medicare Drug Price Negotiation

Economic Security and Corporate Power
April 22, 2024

Today, Accountable.US released the following statement on the disclosures of record-breaking lobbying and spending by the pharmaceutical industry in the first quarter of 2024. The massive spending by Big Pharma comes as they attempt to buy influence in the hopes of rolling back President Biden’s historic new program to allow Medicare to finally

Press Releases

Financial Committee Republicans Put Big Bank Donors Before Consumers in Vote to Block Credit Card Late Fee Cap

Economic Security and Corporate Power
April 18, 2024

Late yesterday, Republican members of the House Financial Services Committee (HFSC) unanimously voted in favor of a Congressional Review Act resolution introduced by U.S. Rep. Andy Barr (R-KY-06) to block the Consumer Financial Protection Bureau’s (CFPB)’s hugely popular rule capping most credit card late fees at $8, down from a $32 average. Commit

Press Releases

5th Circuit Judge Willett Poised to Decide His Own Financial Conflicts Are Fine in U.S. Chamber Lawsuit Against CFPB Credit Card Rule

Economic Security and Corporate Power
April 17, 2024

Trump-appointed 5th Circuit Court of Appeals Judge Don Willett is poised to not recuse himself in the U.S. Chamber of Commerce’s lawsuit against the CFPB’s credit card late fee rule even though Willett’s most recent financial disclosure report lists up to tens of thousands of dollars’ worth of shares in Citigroup – a bank greatly impacted by the CF

Press Releases

Report: House Republicans Voting to Block Administration Credit Card Rule Took Nearly $8M From Pro-$41-Late Fee Industry Groups

Economic Security and Corporate Power
April 16, 2024

On Wednesday, the House Financial Services Committee (HFSC) is expected to vote on House Joint Resolution 122, a Congressional Review Act resolution introduced by U.S. Rep. Andy Barr (R-KY-06) to block the Consumer Financial Protection Bureau’s final credit card late fee rule capping most credit card late fees at $8, down from an average of $32. A

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