Financial Reform

Foreclosures, Failed Banks and Fees

While the financial crisis is global in scope, Ohio is one of its flashpoints. Ohio lives and families have been shattered and homes and neighborhoods shuttered due to unfair and predatory lending practices. The solution is to enact a strong federal Consumer Financial Protection Agency that reinstates federal law as a floor not a ceiling of protection and has as its primary responsibility the enforcement of consumer protection laws. A new Consumer Financial Protection Agency would regulate financial products like mortgages, car loans, payday loans and credit cards – wherever purchased -- in much the same way the Food and Drug Administration ensures the safety of our medicines or the Consumer Product Safety Commission oversees toys, electronics and other household goods. 

News Release | Ohio PIRG | Financial Reform

Ohio PIRG Explains “Game-Changer” Proposal To Reinstate Federal Financial Laws As Pro-Consumer Floor

At the epicenter of the worldwide financial collapse was a lack of consumer protection that can best be remedied by establishing a “game-changer agency with only one job, protecting consumers” while simultaneously reinstating federal law as a floor not a ceiling of protection, according to Ohio PIRG Associate Manfred Mecoy. 

News Release | Ohio PIRG | Financial Reform

Ohio PIRG Consumer Program Director's Statement on Wall Street Bailout

Statement of Ohio PIRG Consumer Program Director Ed Mierzwinski on Final Passage of Wall Street Bailout Legislation Today

News Release | Ohio PIRG | Financial Reform

Statement: Defeat of Wall Street Bailout

Today the House of Representatives listened to concerned Main Street voters and taxpayers and defeated a defective Wall Street bailout.

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