Category Archives: CFC in the News

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 ›

California: Weighing a Response on Internet Privacy

by Mike McPhate, New York Times

President Trump this month signed a resolution to undo internet privacy rules that would have kept companies like AT&T and Comcast from selling users’ browsing histories and other personal data. Almost immediately, a number of states moved to pass new rules that would in effect replicate those nullified by Congress. But California, a pioneer of privacy protections, has so far been silent. Read More ›

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