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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