Stop Bad Road Privatization

CALLING OUT BAD DEALS—Texas’ roadways should be operated for the long-term public interest. As Texas officials continue pushing risky road privatization deals, TexPIRG is leading the effort to protect the public interest.

Protecting Texans from bad Deals

Texas has been struggling to plug ever-widening holes in the state’s transportation budget while also working to meet growing demand for improved transportation infrastructure and repair. Enter global private infrastructure companies and the investment banks that back them. Touting the benefits of public-private partnerships, these companies seek deals for privatized roads on which they would charge and collect escalating tolls on motorists for decades to come.

Many Texans are skeptical of road privatization and state officials should approach the deals with great caution. While road privatization offers a hard-to-resist “quick fix” for state budget and transportation challenges, the deals are often short-term budget gimmicks that place the public interest in jeopardy.

PUBLIC INTEREST PRINCIPLES

Should Texas move forward with any future road building projects that use private investment, state officials must insist on specific protections for the public to ensure that the needs of people come before any other special interest or investment entity. TexPIRG is pressing public officials to uphold six basic principles to protect the public interest:

  1. Retain public control over transportation planning and management.
  2. Ensure that the public receives fair long-term value for assets. Just because a state or locality faces dire fiscal straits, they shouldn’t sell public assets at a discount.
  3. No deals longer than 30 years should be made because lawmakers cannot reasonably anticipate our transportation needs or assess the value of toll roads beyond a few decades.
  4. Require state-of-the-art safety and maintenance standards that will increase over time.
  5. Complete transparency and accountability must be maintained so that the public knows the complete terms of specific proposed deals — and lawmakers must vote on them.
  6. No budget gimmicks. If governments do sign these deals, the money must be used to address other long-term transportation needs.

TexPIRG will continue to build public opposition, apply public pressure, mobilize coalitions of stakeholders, and educate public officials until Texas’ roadways are safe from bad road privatization deals.

Issue updates

Blog Post | Consumer Protection

Event 5/11 re new book on black box decisionmaking & consumers | Ed Mierzwinski

UPDATED TO CONFIRM CFPB Speaker. We are hosting an event Monday, 5/11, from 9am-noon ET to discuss a new book, The Black Box Society, with author Frank Pasquale. Click Keep Reading to RSVP to attend in person or to watch the livestream. While credit bureaus have long functioned as black box gatekeepers to opportunity, panelists will discuss the growing use of more and more, even less transparent black boxes to categorize consumers in the digital economy.

> Keep Reading
Report | TexPIRG Education Fund | Transportation

Who Pays for the Road

Many Americans believe – erroneously – that the money they pay in gasoline taxes and other “user fees” covers the cost of building and maintaining our streets and highways. In fact, local roads and bridges are almost always paid for through local property taxes, while the share of the nation’s highway construction and repair bill paid by gas taxes has been dwindling over time. Since 2008, the federal government has diverted $52 billion in general tax revenue to the Highway Trust Fund – more than the nation has spent to subsidize Amtrak in its entire 42-year history.

> Keep Reading
News Release | U.S. PIRG | Consumer Protection

PIRG Commends Supporters of Duckworth Amendment to Protect Our Troops From High-Cost Loans

Last night, on a 32-30 bipartisan vote, the House Armed Services Committee supported the Tammy Duckworth (IL) amendment to strike language from the National Defense Authorization Act that would have delayed Pentagon-proposed improvements to the Military Lending Act of 2007. It's a critical victory for servicemembers, veterans and their families, although the fight to protect our troops from high-cost loans will continue.

> Keep Reading
Blog Post | Consumer Protection

U.S. House Considers Delay To Financial Protections for Servicemembers, Veterans | Ed Mierzwinski

(UPDATED 30 April): Last year the Department of Defense proposed needed improvements to the 2007 Military Lending Act, since high-cost lenders were exploiting loopholes to evade the law's 36% APR cap on loans to servicemembers to make loans at 400% APR or more, harming military families and threatening unit preparedness to defend the nation. Now, days before a committee vote, predatory lenders have succeeded in convincing House Armed Services Committee leaders to insert language into the National Defense Authorization Act that would delay the DoD regulations up to a year while needless, redundant studies are prepared. Only in Washington.

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News Release | U.S. PIRG | Consumer Protection

PIRG Commends Release of Labor Dept.'s Proposed Rule To End Conflicted Retirement Advice

PIRG today commended the public release of the Department of Labor’s proposed rule that would strengthen the ability for Americans to save for retirement by addressing conflicts of interest that arise when brokers and financial advisers give retirement advice. Wall Street will fight the rule hard, because it requires them to put consumers first.

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News Release | U.S. PIRG | Consumer Protection

FCC NET NEUTRALITY ORDER PROTECTS THE OPEN INTERNET

Today the FCC took not one but two critical actions to make sure that the Internet works for everybody. First, it issued a "Net Neutrality" order guaranteeing a free and open Internet. This Internet freedom order will prevent the phone and cable companies from granting fast lanes or other preferences to already powerful firms. The FCC also acted to override state laws that prevented local governments from building out broadband networks to compete with the phone and cable companies.

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News Release | U.S. PIRG | Consumer Protection

U.S. PIRG Commends Defense Department for Protecting Military Families from Predatory Lenders

Today, we applaud the Department of Defense for its proposal to expand the protections of the 2007 Military Lending Act against predatory financial practices aimed at servicemembers and veterans and their families and that threaten the nation's military preparedness. The proposal also closes loopholes exploited by payday lenders, auto title pawn companies and other lenders to evade the law's intended protections.

> Keep Reading
News Release | TexPIRG Education Fund | Budget

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

AUSTIN – Tax loopholes encouraged more than 70 percent of Fortune 500 companies – Exxon Mobil here in Texas – to maintain subsidiaries in offshore tax havens as of 2013, according to Offshore Shell Games released today by TexPIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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News Release | TexPIRG | Budget

New Farm Bill Contains Massive Taxpayer Handouts To Big Ag

TexPIRG urges Congress to vote NO on the Farm Bill. At a time of supposed fiscal caution, this bill would put taxpayers on the hook for another five years of billion-dollar handouts to huge, profitable agribusinesses. Even the most modest reforms to trim subsidies for the largest players were stripped out or watered down at the last second by the chairs of the House and Senate Agricultural Committees.

> Keep Reading
News Release | TexPIRG Education Fund | Transportation

Report Shows Texas cities Driving Less, Using Transit and Alternatives More

A first-of-its-kind report by TexPIRG Education Fund shows reduced driving miles and rates of car commuting in Texas’s urbanized areas—including Austin, San Antonio and Houston—and greater use of public transit and biking.

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Report | TexPIRG Education Fund | Transportation

Millennials in Motion

Millennials are less car-focused than older Americans and previous generations of young people, and their transportation behaviors continue to change in ways that reduce driving. Now is the time for the nation’s transportation policies to acknowledge, accommodate and support Millennials’ demands for a greater array of transportation choices.

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Report | TexPIRG Education Fund | Transportation

Highway Boondoggles

Even though the Driving Boom is now over, state and federal governments continue to pour vast sums of money into the construction of new highways and expansion of old ones – at the expense of urgent needs such as road and bridge repairs, improvements in public transportation and other transportation priorities. Eleven proposed highway projects across the country – slated to cost at least $13 billion – exemplify the need for a fresh approach to transportation spending.

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Report | TexPIRG Education Fund | Budget

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens—countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity.

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Report | TexPIRG Education Fund | Consumer Protection

The Unfriendly Skies

It seems as if every consumer has an airline problem story—how they were trapped on the tarmac, tricked by fees, missed their connection, or lost their bag. What many consumers don’t know is that they have a number of new rights as well as a right to complain, both to the airline and to the government. This report tracks five years of consumer complaints and highlights which airlines received the most complaints and what kinds of complaints were most common.

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Report | TexPIRG Education Fund | Consumer Protection

Debt Collectors, Debt Complaints

This is the fifth in a series of reports that review complaints to the CFPB nationally and on a state-by-state level. In this report we explore consumer complaints about debt collection, with the aim of uncovering patterns in the problems consumers are experiencing with debt collectors and documenting the role of the CFPB in helping consumers successfully resolve their complaints.

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Blog Post | Consumer Protection

CFPB Adds Consumer Stories to Public Complaint Database | Ed Mierzwinski

Today, the CFPB took a step to make its excellent public database of consumer complaints even better, by adding complaint narratives (stories), but only with the consumer's consent. It's a step we've long urged. It will enrich our research into the marketplace, help consumers make choices and help good-actor firms avoid bad practices by others.

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Blog Post | Consumer Protection

As House Holds Oversight Hearing, 340 Groups Call For Defense of CFPB | Ed Mierzwinski

Today, Consumer Financial Protection Bureau Director Richard Cordray will present the CFPB's sixth semi-annual report to the House Financial Services Committee, whose majority members have been harsh critics of the successful consumer agency. Americans for Financial Reform, joined by the state PIRGs and a total of 340 national, state and local groups, sent Congress a letter explaining why the idea of the CFPB needs no defense, only more defenders.

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Blog Post | Consumer Protection

The CFPB at Three: A Child Prodigy | Ed Mierzwinski

The Consumer Financial Protection Bureau (CFPB) turned just three years old Monday, July 21st, but when you look at its massive and compelling body of work, you must wonder: Are watchdog years like plain old dog years? Is the CFPB now a full-sized, 21-year-old adult? The answer is no, not yet. The CFPB is still growing and developing and adding programs and projects. The CFPB is, however, at three years old, certainly a child prodigy. Despite overwhelming public support, however, powerful special interests continue to attack it. Yet, the idea of the CFPB needs no defense, only more defenders.

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