National Consumers League

Pages tagged "money"

Trump’s fuel economy rollbacks: a loss for workers, consumers, the environment

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By NCL LifeSmarts intern Elaina Pevide

Cars are baked into American life - around 83 percent of households own one – so any change in the cost or availability of gasoline affects an enormous group of Americans.


No more surprises: Congress and patients alike sick of surprise billing

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By NCL Health Policy intern Alexa Beeson

This July, the House Energy and Commerce’s Health Subcommittee passed the No Surprises Act (H.R. 3630) to protect patients from surprise billing. The Senate Health, Education, Labor and Pensions Committee also passed its companion to address surprise billing, the Lower Health Care Costs Act (S.1895). These bills were being considered after a press conference at which President Trump called for reform in surprise billing.


Finally, regulation where it’s needed: seven new bills with a focus on consumer safety

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By NCL Health Policy intern Alexa Beeson

This June, the House Energy and Commerce’s Consumer Protection and Commerce Subcommittee held a hearing in which they considered seven different bills concerning product safety. The hearing was motivated by a commitment to removing life-threatening products from the market, which–somehow–remain in circulation for purchase. Most notably, the bills address furniture tip-over (H.R. 2211), crib bumpers (H.R. 3170), inclined infant sleepers (H.R. 3172), and fire safety (H.R. 806).


The ‘tampon tax’: an unconstitutional loss to American consumers

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By NCL LifeSmarts intern Elaina Pevide

Bingo supplies in Missouri, tattoos in Georgia, cotton candy in Iowa, gun club membership in Wisconsin; what do these products and services have in common? They are all treated as tax-exempt by states that still put a tax on tampons.


Raise the Wage Act 2019: House majority looking to lift millions out of poverty

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By NCL Health Policy intern Alexa Beeson

June 16 marked the longest period the United States has gone without an increase in the federal minimum wage. The federal wage floor was last raised a decade ago, in 2009. The current minimum wage is just $7.25 an hour, which is a poverty wage by federal standards, but tipped workers and people with disabilities often make even less. Worse yet, the value of this wage has decreased by 13 percent since its enactment due to inflation.


Postal banking, an idea whose time has come… again 

Brian YoungToday’s banking system is failing middle-class Americans. Around 8.4 million U.S. households do not have a bank account, and nearly one in five households are underbanked. One of the biggest complaints low-income consumers have is that the overdraft fees and penalties charged by big banks whittle away the meager funds in their bank accounts. Unfortunately, the problem is not likely to improve as many banks, despite generating massive profits, are increasing their fees, closing branches, and laying off workers. Compounding the harms identified above, since 2008, 93 percent of branch closures have occurred in neighborhoods with a median income below the national average, which—unsurprisingly—only worsens socioeconomic inequality.


Minimum wage gets a boost in state initiatives

Did you know that Arkansas will soon have the highest minimum wage in the United States at $9.25 an hour come January 2019? A quarter of the state’s workers will get a raise! Missouri isn’t far behind, with an initiative passing this fall as well.


Fraud on Venmo threatens consumer trust in the emerging P2P payments space

Fraud in the peer-to-peer (P2P) money transfer space is an all-too-common occurrence and is growing by leaps and bounds. One of the biggest players in the P2P space is Venmo, which is owned by PayPal. Last quarter, the company reported $17 billion in transactions on Venmo, an increase of 78 percent over the same period last year.


NCL's experiences with Initiative 77, DC's repealed One Fair Wage attempt

Earlier this month, DC City council voted to repeal Initiative 77 in an 8-5 vote. The initiative, which was supported by DC residents by a 55-44% vote, would have eliminated the gap between the “tipped credit” and minimum wage for restaurant workers and ensure that all tipped workers get the minimum wage that other workers are entitled to.


‘Innovation’ = airline speak for finding new ways to gouge consumers

Brian YoungIf you have been listening to the airline industry, you may think that now is one of the best times to fly. According to its lobbyists, fares are down, and the airlines are working overtime to provide their customers with new and innovative products. However, in reality, if you have spent any time shopping around for a ticket, you are probably intimately aware that all of this “innovation” serves one purpose: to stifle what little competition remains in the airline marketplace and to implement new and creative ways to gouge consumers.


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