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Home » CONSUMER ISSUES » Corporate Accountability
Corporate Accountability
End of Session Attack on Auto Insurance Regulations
As the clock at the state Capitol winds down to adjournment at midnight on Friday August 31, the Consumer Federation of California is on alert for last minute amendments that might be snuck into a bill that would stop Insurance Commissioner Dave Jones from adopting vital consumer protections for motorists.
SB 1208 Requires Corporations to Disclose Top Retired Executive Compensation
The Corporate Executive Retirement Sunshine Act, SB 1208 (Leno), was approved by the Senate on May 30. Sponsored by the Consumer Federation of California, this bill requires publicly traded corporations to report the amount of money their top five highest paid retired executives receive in retirement compensation.
Zombie Initiative Alert: Prop 17 is Back from the Dead
by Richard Holober, Executive Director, Consumer Federation of California
January 20th, 2012
The measure has the same goal as Proposition 17, which voters rejected in 2010. It would impose insurance surcharges on California drivers simply because they had been car-free for a time.
CFC Supports AB 318 (Skinner) - Corporate Tax Transparency
by Consumer Federation of California
January 9th, 2012
AB 318 (Skinner) would create a database of publicly traded corporations and the amount they claim in tax expenditures on the existing Reporting Transparency in Government website.
Billionaire Sponsors Zombie Insurance Initiative
by Richard Holober, Executive Director, Consumer Federation of California
November 8th, 2011
But like a zombie that is killed, only to walk the earth again, Mercury Insurance Chairman George Joseph just donated $8.2 million to bring Prop 17 back from the grave for the 2012 ballot.
CFC Supports AB 999 (Yamada) - Long Term Car Insurance Rates
by Consumer Federation of California
AB 999 (Yamada) modifies the long-term care insurance premium rate development process to protect consumers from excessive premium rate volatility and allows consumers to review policy language prior to the policy being purchased, thus allowing the consumer to make a more informed decision.
Toyata/NUMMI Blue Ribbon Commission White Paper
A white paper on the NUMMI plant closing was recently prepared by Professor Harley Shaiken from the University of California, Berkeley entitled "Commitment Is a Two-Way Street: Toyota, California, and NUMMI".
Fact Sheet: Repeal the "Secret" Corporate Tax Loopholes!
by Lenny Goldberg, California Tax Reform Association
...this proposed initiative repeals the three new corporate loopholes which were the secretly included in the failed budget deals of September 2008 and February 2009. None have yet taken effect, so the initiative would prevent over $2 billion yearly in future revenue losses.
Curbing Vocational School (Postsecondary Educational Institutions) Fraud
by Richard Holober, Executive Director, Consumer Federation of California
May 17th, 2009
400,000 Californians attend over 1500 private post secondary vocational educational institutions. Despite recurring instances of fraud committed upon students, the state currently provides no oversight of these for-profit schools.
CFC Recommends Voting NO on Prop 1A - An Echo of Bush Era Policy
by Richard Holober, Executive Director, Consumer Federation of California
May 14th, 2009
Prop 1A does affect state budgets beginning in July 2010, if lawmakers do nothing else in the next year to address longstanding structural funding problems. At its core, Proposition 1A is a political tradeoff. We believe it is a bad one.
Fact Sheet (Sign our Petition): Repealing California's 2/3's Rule
by Consumer Federation of California
California is one of only three states that require a two-thirds vote in the legislature to pass a budget regardless of the depth of the crisis. This rule empowers a small cabal of lawmakers to hold the state budget, public services, public workers, and Californians hostage until their demands – no matter how unpopular - are included in any final agreement.
AB 298 (Van Tran - R-Costa Mesa) - A shameful effort to limit class actions
by Richard Holober, Executive Director, Consumer Federation of California, San Francisco Chronicle
March 29th, 2009
The extraordinary greed of AIG and the other financial giants that brought our economy to the brink underscore the necessity of protecting our rights as Americans to hold big business accountable. The last thing we should contemplate is erecting barriers that stop consumers from banding together in class-action suits against corporate fraud and abuse.
The California Budget: Consumers lose, Big Business Wins
by Richard Holober, Executive Director, Consumer Federation of California
February 19th, 2009
This year, without the benefit of public hearings and public scrutiny, a massive big business tax cut was jammed through as part of a budget deal. This is not tax fairness. It is redistribution of income away from workers and consumers and into the pockets of big corporations.
Reduce California's Budget Pain - Institute an Oil Severance Fee
by Richard Holober, CFC Executive Director, Consumer Federation of California
January 22nd, 2009
Lawmakers face painful choices in closing the budget gap. In light of the severe cuts that will disproportionately affect the lives of the least fortunate among us, we believe an oil severance fee is a painless and overdue measure of tax fairness.
Consumer Protection Bills Going into Effect on January 1, 2009
by Zack Kaldveer, Consumer Federation of California
December 31st, 2008
Every year the Consumer Federation of California monitors, supports, and opposes dozens of bills related to consumer rights. Every year many of these bills are “killed” in the legislature while many others reach the Governor’s desk to either be signed into law or vetoed.
Oil Severance Fee Would Ease the Budget Pain - Big Oil Should Pay Its Fair Share
by Richard Holober, Consumer Federation of California
November 26th, 2008
Exxon Mobil, Shell, Chevron and Occidental Petroleum combined reported record profits of $36 billion for the third quarter of 2008. That’s $400 million in profits every day, seven days a week. Those four oil giants extract over 70% of the oil pumped from California’s ground. And they pay no state fees for that privilege.
Pinwheel Girl from Yes on 10 Ads shoots video saying: "Vote No on Prop 10"
by Consumer Federation of California
October 28th, 2008
Despite spending $22 million to buy an election, they can’t even rely on the support of the people who appear in their ads! The child actor who appears with a pinwheel in front of wind turbines in Prop 10 TV and print ads is asking voters to reject Prop 10.
No on Proposition 10 Fact Sheet
A fossil fuel corporation owned by Texas oil tycoon T. Boone Pickens spent three million dollars to put Proposition 10 on the ballot. That corporation will reap a bonanza if Prop 10 passes. California taxpayers will be stuck subsidizing big trucking companies at a cost of $335 million per year.
Stop rebate and gift card scams!
by Zack Kaldveer, Consumer Federation of California
October 5th, 2007
Two common sense consumer protection laws are on Governor Schwarzenegger's desk. One would give us the right to cash in a gift card when the balance drops below ten dollars. The other would require retailers to sell us a product at the after-rebate price that it advertises.
CFC's 2007 Legislative Priorities
Consumer Federation of California
December 15th, 2006
California consumers are under assault every day from big business interests with an endless amount of money, lobbyists and political connections. Read more about CFC's 2007 legislative priorities.
Yes on 87 - Make Big Oil Pay Their Fair Share
Consumer Federation of California
September 8th, 2006
In Louisiana, Alaska, and Texas oil companies pay a state oil drilling fee but in California they get a free ride at the taxpayers expense. Proposition 87 would establish a wellhead tax on oil that would fund research and production incentives for alternative energy, alternative energy vehicles, energy efficient technologies, and for education and training.
Consumers Win! Prop 103 Fully Implemented
Consumer Federation of California
September 1st, 2006
Last week Insurance Commissioner John Garamendi scored a decisive victory for California consumers, winning the 18 yearlong battle to fully implement Proposition 103. Garamendi has forced the insurance industry to base their rates on how you drive, not where you live.
CFC Legislative Positions
Consumer Federation of California
June 26th, 2006
Every year the Consumer Federation of California (CFC) takes positions on a host of consumer rights related legislation. Find out which bills CFC has chosen to support, and which bills we've chosen to oppose this year.
CFC Bolsters Low Cost Auto Insurance Program
Consumer Federation of California
May 14th, 2006
The Consumer Federation of California is collaborating with the California Department of Insurance to publicize the Low Cost Auto Insurance Program (LCA), which is designed to provide low-income, good drivers with an affordable insurance option.
Governor breaks his word on college fee hikes
Consumer Federation of California
May 27th, 2004
Three days after pledging to hold college fee increase to no more than ten percent a year, Governor Schwarzenegger unveiled a whopping forty four percent fee increase for community college students.
Stop Schwarzenegger $22 billion tax increase
Consumer Federation of California
December 1st, 2003
On his second day in office, Governor Schwarzenegger proposed a whopping $15 billion bond. The estimated tax cost for our children and grandchildren: $22 billion. Stop the massive tax hike!
Governor Terminates Consumer Protection
Consumer Federation of California
August 14th, 2003
"Arnold Schwarzenegger betrayed his campaign promise to serve the people. His vetoes on consumer legislation show that he an obedient servant for the business interests that bankroll him,"
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