California Supreme Court rules some consumer loans so expensive they break the law

by James Rufus Koren, Los Angeles Times

payday_loans 320 x 189 stock foto

California’s high court has ruled that interest rates on consumer loans can be so high that they become “unconscionable” and, therefore, illegal — a decision that could call into question the validity of millions of loans and upend the state’s subprime lending market. In a unanimous opinion … Read More ›

CFC-sponsored garage safety law enrolled

Governor Brown received Senate Bill 969, a new law designed to save lives in home fires. The Consumer Federation of California sponsored SB 969 by Senator Bill Dodd, which requires newly sold or installed electric garage door openers to be equipped with a battery backup to prevent people … Read More ›

Poll: Majority of likely voters support CFPB mission

by Sylvan Lane, The Hill

cfpb 320 x 190

The results found broad support for the CFPB’s historically aggressive oversight coupled with opposition to changes implemented or proposed by Acting Director Mick Mulvaney. Read More ›

CFC supports AB 3080 (Gonzalez Fletcher)

The Consumer Federation of California supports AB 3080 (Gonzalez Fletcher), which will prevent employers from requiring workers to sign waiver of rights agreements as a condition of employment. These rights include: (1) disclosing to any person an instance of sexual harassment that the employee or independent contractor … Read More ›

States try to quash robocalls, but they’re worse than ever

by Elaine S. Povich, Philly.com

Image courtesy of Pexels

The calls are not just nuisances — consumers are cheated out of an estimated $350 million a year by phone scams, many involving automatic dialing. States are trying to act. Read More ›

How Kavanaugh could shape the coming “watershed” moment for digital privacy

by Kathyrn Watson, CBS News

Image courtesy of Pexels

Over the course of the next two decades, the Supreme Court will likely undertake some of the most consequential digital privacy cases that will reverberate across generations to come. And Judge Brett Kavanaugh could be a deciding voice. Read More ›

Trump administration moves to make it harder for defrauded students to erase debt

by Laura Meckler, Danielle Douglas-Gabriel, Washington Post

Image courtesy of Pexels

The package is a win for colleges, particularly for-profit ventures. It’s a defeat for consumer advocates who favor a more aggressive posture against colleges that they say routinely take advantage of veterans and older students. Read More ›

Starbucks, others must pay California workers for off the clock tasks

by Daniel Wiessner, Reuters

Image courtesy Josh Sorenson/Pexels

The court said that under California law, workers must generally be paid for any time they are required to be on their employers’ premises. Read More ›

Report: Wells Fargo charged customers for hidden services

by Associated Press, U.S. News & World Report

wells fargo 320 x 214_cc

Products such as pet insurance, legal services and other add-on services were added to customers’ accounts without their full understanding, a Wall Street Journal report says. Read More ›

Sen. Feinstein stops attack on California Truth in Labeling Law

On Wednesday, July 18, Senator Dianne Feinstein derailed federal legislation that would have preempted California’s Made in USA truth in labeling law. Senator Feinstein blocked a motion for unanimous consent of the US Senate to pass S. 118 by Utah Senator Mike Lee. S. 118 would have … Read More ›

1 2 3 186