Press Releases

CONSUMERS WIN: As SCOTUS Rules CFPB Constitutional, Watchdog Demands All Lower Courts Unfreeze Agency’s Blocked Rules & Enforcement Actions

Economic Security and Corporate Power
May 16, 2024

In a historic victory for American consumers, the U.S. Supreme Court ruled the Consumer Financial Protection Bureau (CFPB)’s funding structure is constitutional. The high court rejected baseless arguments brought by the predatory payday loan industry with a long history of harming vulnerable communities and a greedy motive for taking away consumer

Press Releases

Rampant Corporate Greed Boosts Landlord Profits at the Expense of American Renters

Economic Security and Corporate Power
May 15, 2024

Today’s U.S. Labor Department’s Consumer Price Index (CPI) report revealed a slight increase in consumer costs in the face of persistent corporate greed in a number of sectors. In particular, “the shelter index increased 0.4 percent in April and was the largest factor in the monthly increase in the index for all items less food and energy.” Followi

Press Releases

Watchdog: SF Fed Opinion Piece Downplaying Corporate Role In Inflation Ignores Record Corporate Profits Amid Price Hikes

Economic Security and Corporate Power
May 14, 2024

Industry lobbyists are excitedly promoting an opinion piece today from members of the Federal Reserve Bank of San Francisco that attempts to deflect blame from corporations for inflation. However, the analysis fails to address a fundamental question: Did corporations really need to raise prices so high when after-tax corporate profits reached an al

Press Releases

Watchdog: Airline Industry Suing to Keep Junk Fees Hidden Is Corporate Greed on Jet Fuel

Economic Security and Corporate Power
May 14, 2024

Rather than prepare to do the right thing for their customers, major players from the U.S. airline industry—including American, Delta, and United Airlines—are now suing the Biden administration to block a final rule requiring carriers to be transparent about bagging, flight change, and cancellation charges. The Department of Transportation’s action

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