Press Releases

Shell Posts $30 Billion in Profits After Price Gouging Consumers, Plans To Spend $4 Billion More on Stock Buy Backs

Energy and the Environment
October 27, 2022

Today, Shell announced their massive quarter three profits racking up $9 billion this quarter, bringing in over $30 billion in profit this year as they continue to price gouge consumers. This marks a 133% increase in profit margins compared to the first nine months of 2021. At the same time, American consumers have been overburdened with historical

Press Releases

Watchdog: Biden CFPB’s New Guidance on Overdraft Fees Could Save Consumers Billions

Economic Security and Corporate Power
October 26, 2022

Government watchdog Accountable.US applauded the Consumer Financial Protection Bureau’s announcement today that stands to save consumers billions each year by taking the first step towards curbing abusive and surprise overdraft fees imposed by banks across the country. The guidance marks a major milestone in the CFPB’s initiative.

Press Releases

Watchdog: Judge That Took Financial Industry’s Side Against CFPB Constitutionality Took Thousands In Campaign Cash From Banks

Economic Security and Corporate Power
October 20, 2022

Government watchdog Accountable.US condemns the 5th U.S. Circuit Court of Appeals ruling that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional – a case filed by the payday lending industry in a targeted attempt to undermine the power of the CFPB. 

Press Releases, Report

Analysis: Corporations Poised to Dodge $15M in New Stock Buyback Taxes Through ASR Loophole

Economic Security and Corporate Power
October 17, 2022

A new analysis from watchdog Accountable.US found that five publicly-traded companies have already announced nearly $1.5 billion in accelerated share repurchase (ASR) programs —potentially avoiding the roughly $15 million they would owe under the Inflation Reduction Act’s new 1% stock buyback tax—after spending $2.5 billion on buybacks.

Press Releases

Ahead of Jan. 6th Hearing, Fortune 100 Companies Notified That Too Many Have Failed to Defend Democracy

Corporate Values
October 13, 2022

With the January 6th Committee expected to release its latest findings today on how close the nation came to losing its democracy, Accountable.US issued letters today to the CEOs of all Fortune 100 companies detailing how the majority of companies have not done their part to protect democracy, despite overwhelming public demand for businesses to do

Press Releases, Report

REPORT: Corporate Interests Have Now Donated Over $27M To Election Objectors Since The Jan. 6 Coup Attempt

Corporate Values
September 28, 2022

Today government watchdog Accountable.US released an updated analysis showing that Fortune 500 companies and corporate trade associations donated over $1.6 million in August alone to those in Congress who voted against certifying the 2020 election in the immediate aftermath of the violent insurrection on January 6.

Press Releases, Report

Mega Banks Testifying Today Reaped $1.6B From Abusive Overdraft Fees in 2022 Alone

Economic Security and Corporate Power
September 21, 2022

A new analysis from Accountable.US has found that in the first half of 2022, just three of these “megabanks”—Bank of America, Wells Fargo, and JPMorgan Chase—have together reported over $37 billion in net income while reaping $7.8 billion in revenue from service charges on consumers’ deposit accounts, including over $1.6 billion from overdraft fees

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