Press Releases

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Dec 15, 2009

New Default Rate Data for Federal Student Loans: 44% of Defaulters Attended For-Profit Institutions

Yesterday the U.S. Department of Education released a preview of college “cohort default rates” for federal student loans using a more robust methodology that will take effect in 2011.

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Oct 28, 2009

Pew Report Finds Deceptive Credit Card Practices Remain Widespread

One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew Health Group’s Safe Credit Cards Project.

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May 20, 2009

Pew Analysis Shows Senate Bill Would Curb Billions in Credit Card Penalty Charges

A full 82 percent of credit cards allow penalty interest rate hikes that could last indefinitely, giving responsible cardholders no right to return to the originally agreed upon interest rate, according to a new issue brief from The Pew Charitable Trusts’ Safe Credit Cards Project.

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May 19, 2009

Pew Statement Applauding Senate Vote to Stop Many Deceptive Credit Card Practices

"The Senate today joined the House in coming together to pass smart, strong, bipartisan legislation that puts an end to many unfair and deceptive credit card practices. This is a tremendous victory for the millions of credit card carrying consumers, many of whom will be able to avoid hundreds, even thousands of dollars in unfair fees and interest rate hikes."

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May 11, 2009

Pew Statement Urging Senate to Protect Consumers from Deceptive Credit Card Practices

"The current economic crisis has made it clear that ignoring unfair and deceptive lending practices can hurt both family finances and our economy. Fortunately, the U.S. Senate has the opportunity this week to join the House in passing legislation to ensure credit card companies use safe, fair and transparent policies."

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Apr 30, 2009

Statement Applauding Bipartisan Passage of the Credit Cardholders' Bill of Rights

"The passage of the Credit Cardholders' Bill of Rights is a victory for all consumers and for credit card issuers who want to offer a safe and fair product."

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Apr 29, 2009

J. Mark Iwry Joins Treasury as Senior Advisor to the Secretary and Deputy Assistant Secretary for Retirement and Health Policy

The Retirement Security Project announced today that J. Mark Iwry, Principal of The Retirement Security Project, Nonresident Senior Fellow at the Brookings Institution, and former Treasury Department official, has been appointed by Treasury Secretary Timothy Geithner as Senior Adviser to the Secretary and Deputy Assistant Treasury Secretary for Retirement and Health Policy, effective April 27, 2009.

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Apr 29, 2009

Statement Urging House to Pass the Credit Cardholders' Bill of Rights

"In this economic climate, allowing credit card issuers to continue to engage in unfair and deceptive practices is like letting a car company continue to sell cars we know have faulty brakes. Congress needs to act now to give consumers protection under the law from business practices that the Federal Reserve and our independent research have shown are widespread."

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Apr 20, 2009

Pew Funds Genetics and Public Policy Center's New Consumer Genetics Project

The Pew Charitable Trust has awarded $750,000 to the Genetics and Public Policy Center for a new project focused on consumer protections for applications of genetic testing.

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Mar 31, 2009

Pew Releases Standards for Safe Credit Cards

The Pew Charitable Trusts’ Safe Credit Cards Project today released a set of standards designed to prevent deceptive and dangerous credit card practices and called for legislation to outlaw such practices.

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Feb 26, 2009

President Obama’s Budget Includes Automatic IRA Proposal and Expansion of Saver’s Credit for 401(K) IRA Savings

The Administration’s budget outline, released today, includes the Automatic IRA proposal developed by the Retirement Security Project.

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Dec 12, 2008

Pew Joins Gov. Arnold Schwarzenegger, California Mayors to Launch “Bank On” Initiative

At an event today in California, The Pew Charitable Trusts’ Safe Banking Opportunities Project joined Governor Arnold Schwarzenegger, California mayors and banking officials in announcing a new statewide program to bring more of the state’s residents into the financial mainstream. The state’s “Bank On” initiative aims to connect the “unbanked”—households without bank accounts—to appropriate, more affordable accounts that help lower their financial transaction costs and put them on the path to building savings and assets.

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Nov 12, 2008

Survey Finds Wide Public Support for Nationwide Study of Genes, Environment and Lifestyle

Four in five Americans support the idea of a nationwide study to investigate the interactions of genes, environment and lifestyle, and three in five say they would be willing to take part in such a study, according to a survey released today.

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Oct 29, 2008

McCain and Obama Agree on an Important Policy Proposal – The Retirement Security Project's Automatic IRA

In the midst of a campaign with opposing views on most aspects of domestic policy, the presidential candidates have now both endorsed the Automatic IRA. 

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Sep 2, 2008

Statement on Passage of the 'Green Chemistry' Package by the California Legislature

Andy Igrejas, manager of The Pew Charitable Trusts' Environmental Health Campaign, today issued the following statement in response to the "Green Chemistry" package passed by the California legislature.

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