Consumer Protection

Washington, D.C. – Over 9 million students are at risk for increased educational debt, due to bank-affiliated student debit cards that come with high fees, insufficient consumer protections, and few options. Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products onto student IDs and other campus cards to become the primary recipient of billions in federal financial aid to distribute to students.

Washington, D.C. – Over 9 million students are at risk for increased educational debt, due to bank-affiliated student debit cards that come with high fees, insufficient consumer protections, and few options. Financial institutions now have affinity partnerships with almost 900 campuses nationwide, grafting bank products onto student IDs and other campus cards to become the primary recipient of billions in federal financial aid to distribute to students.

Statement of U.S. PIRG Tax and Budget Associate Dan Smith on the FY 2013 budget proposed by Chairman Paul Ryan of the House Budget Committee.

U.S. Senator Carl Levin isn’t necessarily the man you’d look to for the latest news about Facebook. The 77-year old was described by Time magazine as “pudgy, balding and occasionally rumpled, and he constantly wears his glasses at the very tip of his nose.” However, today he broke some shocking news on the Senate floor about special tax favors that Facebook and its CEO, Mark Zuckerberg, will enjoy at great cost to the U.S. Treasury.