Press Releases

Watchdog: Big Banks Beat Profit Expectations While Sapping Over $2.5B In Junk Fees From Families

Economic Security and Corporate Power
July 12, 2024

Today, CitiGroup, Wells Fargo, and JPMorgan Chase & Co.—three major banks still using junk fees—announced over $26 billion in combined Q2 earnings. As government watchdog Accountable.US has documented, exploitative junk fees levied by banks and financial companies cost American families billions every year. In the beginning three months of 2024, C

Press Releases

Watchdog: PepsiCo Plays No Part in Slowing Inflation as Earnings Soar Amid Price Hikes

Economic Security and Corporate Power
July 11, 2024

Today, beverage giant PepsiCo. announced $3.08 billion in Q2 earnings, beating earning estimates as the latest Consumer Price Index (CPI) report shows corporate profiteering in the big food industry remains a major driver of costs even as inflation has cooled for the fourth consecutive month. After a series of price hikes last year, PepsiCo has see

Press Releases

Roundup: Letters Urging AGs to Investigate Troubled Corporate Landlords Get Notice

Economic Security and Corporate Power
July 10, 2024

Letters and research by corporate watchdog group Accountable.US sent to state attorneys general in California, Colorado, Massachusetts, New Jersey, and New York urging investigations into major rental companies accused of illegal rent-price fixing in Washington D.C. that are also operating in their states, has garnered notice in local outlets incl

Press Releases

Watchdog: House Republicans Eager to Enshrine Retirement Junk Fees and Advisor Conflicts

Economic Security and Corporate Power
July 9, 2024

Tomorrow, Republicans on the U.S. House Education and Workforce Committee are expected to advance H.J. Res. 142, a Congressional Review Act resolution to block the U.S. Labor Department’s crackdown on junk fees in retirement investment advice – an effort that will save retirement plan participants an estimated $55 billion in fees...

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