Category Archives: CFC in the News
Pricey Napa policy summit raises concerns for social media accountability groups
August 03, 2022 By Ashley Zavala || KCRA 3 || Read Article “It’s why people are very cynical about politics and politicians,” said Robert Herrell, executive director of the Consumer Federation of California. “None of the parents whose kids committed suicide because of social media addiction and … Read More ›
CFC in the News: Vote no on Prop. 24, a flawed privacy initiative
Click here to view article | April 13, 2020 | SF Chronicle | Editorial
California forces auto insurers to refund policyholders, but doesn’t specify how much
Petition filed by the Consumer Federation of California in late march of 2020. Read more here >>
Senate committee disses California’s big cryptocurrency push
April 05, 2022|By Susannah Luthi | POLITICO A representative for Yee and the Consumer Federation of California logged their opposition to the bill. In a letter to the committee and Kamlager, the Consumer Federation’s CEO Robert Herrell also stressed the digital currencies’ “wild fluctuations” that leave consumers “completely … Read More ›
A new California law could make your next car rental more expensive
February 24, 2022|By William P. David| THE NEW YORK TIMES “It’s just another way to get additional money without having it show up in the rack rate or the base rate on the car,” Robert Herrell, the executive director of the Consumer Federation of California, told me. “We … Read More ›
Wells Fargo Resolves Investigations with $575 Million Settlement
by KQED Forum, KQED
San Francisco-based Wells Fargo has agreed to pay $575 million to resolve multiple investigations into misconduct at the bank, including inquiries stemming from the 2016 revelation that bank employees were opening accounts for customers without their knowledge. Read More ›
Legislation introduced to address Wells Fargo scandal
“Wells Fargo’s customers were ripped off twice,” said Richard Holober, Executive Director of Consumer Federation of California. “First, the bank created two million fraudulent accounts. Then when consumers tried to sue, the bank forced them into company-dominated arbitration hearings. SB 33 will guarantee that the victims of a bank’s identity theft will get their day in court.” Read More ›
Talks begin over bill inspired by Wells Fargo scandal
by Dominic Fracassa, San Francisco Chronicle
Legislative deliberations continued Tuesday over a bill that seeks to prevent financial institutions accused of defrauding their customers from pulling legal disputes out of the state court system and into private arbitration. Read More ›
California bill seeks to help fraud victims of banks
[Senate Bill 33] would help victims of fraud committed by their financial institution after thousands of Americans fell victim to a Wells Fargo scandal. Read More ›
Pesky automatic subscription renewals might soon be easier to cancel
by Dennis Romero, LA Weekly
You subscribe to a magazine or join a gym for a special rate and months later realize you’re paying a lot more for renewals. And those fees keep hitting your bank account while you try to figure out how to make it stop. Read More ›