While relatively modest rebates would be offered to those seeking to buy hybrid cars, for example, as much as $50,000 per truck could be awarded, with the potential that the vehicles will simply be sold for profit out of state, the Consumer Federation of California says. Read More ›

The biggest bonanza under Proposition 10 goes to – you guessed it – Mr. Pickens’ Clean Energy Fuel Corp. This company dominates the natural gas fueling business. Proposition 10 earmarks billions in tax giveaways to distort the market to favor natural gas-powered vehicles and to disadvantage cleaner energy technologies. Read More ›

Consumer Federation of California executive director Richard Holober said most hybrid vehicles, which run on either electricity or gasoline, would not qualify for rebates under Proposition 10 except for the Toyota Prius, which gets the unusually high 45 miles per gallon.
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“Look, we’re not against natural gas,” said Richard Holober, executive director of the Consumer Federation of California. “What we’re against is using billions of dollars of tax money – precious tax money – to distort the market and promote one form of energy over others that we think have a much better future.” Read More ›

“It’s a classic case of a wealthy special interest using the California ballot initiative system to enrich itself,” said Richard Holober, who heads the Consumer Federation of California. “California is literally going broke and cannot afford another major cost that will result in reduced public education, public health and public safety.” Read More ›

“These kinds of discriminatory loans won’t just affect the thousands of California’s port drivers as individual borrowers, but entire families and their futures as well,” added Richard Holober, executive director of the Consumer Federation of California. Read More ›

The Consumer Federation of California (CFC) launched www.noonproposition10.org – the No on Prop 10 website – dedicated to defeating an initiative that calls for $5 billion in bonds to subsidize natural gas powered vehicles along with a modest investment in renewable energy development. Read More ›

Proposition 10 spends billions in tax giveaways to manipulate the marketplace to favor natural gas as a “clean” vehicle fuel to the disadvantage of cleaner alternative energy technologies. Read More ›

A coalition of consumer, immigrant and civil rights groups warned Tuesday that a Port of Long Beach loan program to help thousands of mostly low-income truck drivers replace old, polluting rigs with newer, cleaner-burning vehicles could plunge the truckers into debt.
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The Consumer Federation of California (CFC) strongly urges Governor Schwarzenegger to sign AB 1333 (Hancock) – a bill that will protect tenants in foreclosed properties and help keep families in their homes. Read More ›

This predatory lending is detailed in the report authored by the Consumer Federation of California (CFC), League of United Latin American Citizens (LULAC), Los Angeles Alliance for a New Economy (LAANE), and the National Association for the Advancement of Colored People (NAACP). Read More ›

Over one-third of the businesses surveyed in 2008 received grades in the “A” range. The CFC Education Foundation’s first Financial Privacy Report Card in 2004 found that 14.5% of financial institutions received a grade of “A”. Low or failing grades of “D” or “F” decreased from 27.2% in 2004 to 8.2% in 2008. Read More ›

If enacted, H.R. 5244 would help tens of millions of Americans avoid increasing and undeserved debt while beginning a long overdue effort by Congress to prevent a second “subprime like meltdown” that would send our economy into an even deeper recession. Read More ›