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Deregulation

Blog Post
6/22/2010
Posted by Consumer Watchdog
The House/Senate conference committee on financial reform is debating the structure and authority of a consumer financial protection bureau. The issue just decided: Should the new Bureau regulate lending arranged by auto dealers? The House offer would exempt auto dealers. The original Senate bill would not.  The loophole would mean car...
News Story
6/16/2010
Posted by Consumer Watchdog
A little-noticed provision in the Wall Street reform bill illustrates one of the central questions of the effort:  Who should be in charge of regulating the industry?  A Senate provision that would create a national insurance office in the Treasury Department has sparked a debate over how much authority the federal government should have...
News Release
6/14/2010
Posted by Consumer Watchdog
Washington, D.C. --- The financial reform bill will deregulate state insurance oversight by allowing the Treasury Department to use a new national insurance office to overturn a broad range of state protections, including solvency rules, if the legislation is not amended, warned Consumer Watchdog today. The House-Senate Conference Committee meets...
News Story
6/7/2010
Posted by Consumer Watchdog
California small-business owners expected to be early beneficiaries of health reform, with billions of dollars in federal tax relief flowing this month to help them purchase medical coverage for their employees. But many said the 35 percent credits granted under the hard-fought legislation have run into a new hurdle: a buzz saw of rate increases...
News Story
6/7/2010
Posted by Consumer Watchdog
In a last weekend of frenzied campaigning before the June 8 primary, candidates for statewide office marshaled last-minute ads, attacks – even visits from Karl Rove and a fictional “Queen Meg” – to appeal to voters in what’s been a record-breaking season of political spending. GOP billionaire and former eBay CEO...
News Story
6/4/2010
Posted by Consumer Watchdog
SACRAMENTO, CA — Big insurers are targeting a handful of Assembly races in an effort to send business-friendly Democrats to Sacramento as they gird for a renewed push for regulations and consumer protections that might come if Jerry Brown is elected governor. The insurance industry has poured millions of dollars into four Democratic primary...
News Release
6/4/2010
Posted by Consumer Watchdog
Desperate Mercury Insurance Dumps Another Million into $16 Million Campaign and Distributes Last Minute Mailer from Phony “Consumer Coalition” Santa Monica, CA — Facing a surge of voter opposition in the last few days of its campaign for Proposition 17, sponsor Mercury Insurance injected another $1 million dollars into its...
News Story
6/3/2010
Posted by Consumer Watchdog
The unvarnished truth about the propositions on Tuesday’s ballot. From Sacramento — It’s time again for some head-scratching and eye-glazing. There are five propositions on Tuesday’s state ballot. And they run the gamut from a no-brainer to some efforts at Sacramento reform to a special-interest scam. Here’s my...
News Story
6/3/2010
Posted by Consumer Watchdog
Tis the season to vote Along with every election season comes its fair share of controversy. This is the time where everyone seems to be seeing only in colors of red and blue, and one’s political colleague becomes his or her foe. This election is no different. Partisan infighting seemed to be the name of the game this time around....
News Story
6/1/2010
Posted by Consumer Watchdog
Pounded by the Obama administration for raising premiums, health insurers now must reckon with a foursome of longtime industry watchdogs who are helping steer the federal government's effort to overhaul the private insurance market. The four have top spots in the newly minted Office of Consumer Information and Insurance Oversight, whose work will...