Press Releases

Watchdog: Trump and Billionaire Allies Are Prepared to Hurt Working Families

Economic Security and Corporate Power
December 19, 2024

Last night, Republicans in Congress took marching orders from two billionaires which threaten to shut down the government and hurt working families right before the holidays. Behind the failure, allies of President-elect Trump, including Vice President-elect J.D. Vance and unelected billionaire Elon Musk, have publicly stalled negotiations...

Press Releases

CFPB Cracks Down on Credit Card Scams

Economic Security and Corporate Power
December 18, 2024

As part of its ongoing fight to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) is cracking down on potentially illegal credit card reward scams, warning that some credit card companies may be taking advantage of customers by devaluing rewards while continuing to charge higher than average interest rates.

Press Releases

RealPage, Price-Fixing Algorithms Add $3.8 Billion to U.S. Rental Costs

Economic Security and Corporate Power
December 17, 2024

A new analysis from the White House Council of Economic Advisers revealed today that pricing algorithms added $3.8 billion to rental costs in 2023. The company behind these algorithms, RealPage, has faced criticism for allegedly manipulating the rental market to inflate prices.

Press Releases

Trump’s Betrayal to Working Americans: Backtracking on Lower Prices but Promises Tax Cuts to Price Gouging Corporations

Economic Security and Corporate Power
December 13, 2024

President-elect Trump’s brief commitment to reducing costs came to an end yesterday as he questioned whether he would lower grocery prices and then touted even more corporate tax cuts to a Wall Street audience. As recently as this week, the President-elect has promised to lower prices, claiming it was key to his election victory.

Press Releases

Final CFPB Rule Set to Save $5 Billion Annually, Despite Industry Opposition

Junk Fees
December 12, 2024

As part of the Biden administration’s ongoing efforts to lower costs for American families, the Consumer Financial Protection Bureau (CFPB) today announced its final overdraft rule, capping overdraft fees charged by banks and credit unions to as low as $5. The final rule is expected to save $5 billion in annual overdraft fees, roughly $225

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