Press Releases

Kroger Splurges on Handouts for Wealthy Shareholders While Regulators Question Merger

Economic Security and Corporate Power
June 20, 2024

Today, grocery giant Kroger reported an astonishing $96 million increase in year-to-date stock buybacks and dividends to wealthy shareholders—a handout that comes as the store reports $947 million in Q1 2024 earnings, a $6 million decrease year-over-year. Today’s announcement comes as most Americans agree that corporate greed is a major cause of in

Press Releases

Watchdog: Latest Fifth Circuit Power Grab Underscores Urgent Need for Judicial Reform

Economic Security and Corporate Power
June 18, 2024

In a major setback for American consumers, tonight the right-tilted U.S. Fifth Circuit Court of Appeals once again blocked an order from Trump-appointed U.S. District Judge Mark Pittman to transfer the U.S. Chamber of Commerce’s lawsuit against the CFPB’s credit card late fee rule to the U.S. District Court for the District of Columbia where it bel

Press Releases

Watchdog: Congress Must Pass Judicial Reform as Conservative Court Issues Latest Power Grab

Economic Security and Corporate Power
June 18, 2024

Despite mounting criticism of the right-tilted U.S. District Court for the Northern District of Texas complicity in industry judge shopping schemes, today a majority of judges on the court made matters far worse by approving “a rule that would stay for 21 days any decisions to transfer civil cases to courts outside of the jurisdiction of the Northe

Press Releases

CFPB Director to Face Financial Industry Defenders in HFSC Hearing

Economic Security and Corporate Power
June 12, 2024

Tomorrow, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra will deliver his semi-annual report before the Republican-led House Financial Services Committee. He is expected to highlight the agency’s work defending American families from shady financial practices by Wall Street, big banks, predatory lenders, and debt collectors.

Press Releases

Watchdog: Biden Admin Rule Scrubbing Medical Debt from Credit Reports Just the Break Millions of Families Need

Economic Security and Corporate Power
June 11, 2024

Following its launch of a major crackdown against abusive credit card industry junk fees that has already saved consumers billions of dollars, the Consumer Financial Protection Bureau (CFPB) is out with a historic new rule today eliminating burdensome medical bills from most credit reports – building on the agency’s success helping everyday

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