Consumer Protection

Report | MASSPIRG Students | Consumer Protection

Avoid the Debt Trap

A guide for students to avoid ripoffs from credit cards and big banks.

STUDENTS CALL FOR SENATE TO REJECT STUDENT LOAN DEAL

Today, college students spoke out to urge Senators to reject the pending student loan deal, which may come up for a vote in the Senate as early as this afternoon.   

States lose $40b in revenue to offshore tax havens, MASSPIRG study says

While the debate over offshore tax loopholes generally takes a national focus, a consumer advocacy group is reporting that states lose nearly $40 billion a year in tax revenues to companies and wealthy people who shelter money abroad.

Toy Safety Tips

From toxic chemicals to choking hazards to dangerous magnets, see what dangerous toys to watch out for while you shop.

Trouble in Toyland

The 2012 Trouble in Toyland report is the 27th annual U.S. Public Interest Research Group survey of toy safety. In this report, U.S. PIRG provides safety guidelines for consumers when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

State Senate OK’s price scanner bill

With just two senators present, the state Senate approved a bill Monday morning that food stores in Massachusetts have been pushing unsuccessfully for a decade.

News Release | Student PIRGs | Consumer Protection, Higher Ed, Student Debt

Banks Skim Millions in Fees from Student Aid Using Debit-Card-Linked Student IDs

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.

The Campus Debit Card Trap

Banks and other financial firms are taking advantage of a variety of opportunities to form partnerships with colleges and universities to produce campus student ID cards and to offer student aid disbursements on debit or prepaid cards. In addition to on-campus services, such as student ID functions offered on the card, some cards offer traditional debit card services linked to bank accounts; other cards provide additional reloadable prepaid card functions. The disbursement of financial aid and university refunds is the most significant partnership identified.

130,000 Letters Tell Congress: Don't Double Student Loan Debt

Without a new plan, the average subsidized Stafford loan borrower will pay $2,800 more by the time they repay their loans. The most needy students will pay a crushing $5,000 more on their student loan than they otherwise would.

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