Press Releases

REPORT: PhRMA Funneled Millions to Outside Right-Wing Groups In Effort to Ban Medicare Negotiation

Economic Security and Corporate Power
March 1, 2024

A new report from government watchdog Accountable.US reveals that Pharmaceutical Research and Manufacturers of America (PhRMA)—the top trade group for the largest U.S. pharmaceutical companies—awarded at least $16.1 million to groups opposing the Inflation Reduction Act provision granting Medicare new power to negotiate lower costs on prescription

Press Releases

Greedy Drug Company Loses In Court, Notching Another Win For Seniors Benefiting From Medicare Negotiation

Economic Security and Corporate Power
March 1, 2024

Today, the US District Court for the District of Delaware released its decision in AstraZeneca Pharmaceuticals LP et al. v. Becerra et al., ruling against the pharmaceutical giant in its attempt to ban Medicare from negotiating lower drug prices with manufacturers under the Inflation Reduction Act. Accountable.US Executive Director Tony Carrk issue

Press Releases

REPORT: “The Points Guy” Maintains Close, Often Misleading Relationship with Shady Financial Industry

Economic Security and Corporate Power
February 29, 2024

Today, the Consumer Financial Protection Bureau (CFPB) unveiled new guidance for “law enforcement agencies and regulators explaining how companies operating comparison-shopping tools can break the law when they steer consumers to certain products or lenders because of kickbacks.” Following the announcement, government watchdog Accountable.US releas

Press Releases

Report Confirms Credit Card Issuer Price-Gouging Over Last Decade

Economic Security and Corporate Power
February 22, 2024

The Consumer Financial Protection Bureau (CFPB) released a damning new analysis today, finding that over the over the last decade major credit card companies dramatically hiked their APR margins (the difference between the average APR and the prime rate) to an all-time high in order to pad industry profits.

Press Releases

Walmart Rakes in Billions While Food Profiteering Remains High

Economic Security and Corporate Power
February 20, 2024

Today, Walmart reported $16.3 billion in FY 2024, up 44% from FY 2023 earnings—a staggering total that comes as 3-in-5 Americans agree that corporate profiteering is a major driver of inflation and last week’s Consumer Price Index report revealed that cooling inflation was stilted by stubbornly high food prices.

Press Releases

New Interest Rate Report from Biden Administration Shines Light On Big Bank Greed

Economic Security and Corporate Power
February 16, 2024

Today, the Consumer Financial Protection Bureau (CFPB) unveiled a new report highlighting the excessive, often exploitative interest rates applied by the 25 largest credit card issuers against their customers — a difference that is estimated to cost American families $400 to $500 in unnecessary interest every year.

Press Releases

Watchdog: Wall Street-Shilling House Republicans to Give Grief to Biden Admin for Adding 20% to Americans’ Retirement Savings

Economic Security and Corporate Power
February 15, 2024

At today’s House Education and the Workforce Committee hearing, Republican committee members are expected to parrot financial industry attacks against the Biden administration’s Retirement Security rule, a major initiative cracking down on junk fees in retirement investment advice.

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