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News Release
10/27/2009
CONTACT CONTACT: Doug Heller, 310-392-0522, ext. 309
Santa Monica, CA — Mercury Insurance has begun its campaign to allow insurers to hike auto insurance rates for Californians who have had a lapse in their auto insurance for any reason.  The initiative is a repackaging of Mercury-sponsored legislation invalidated by a California Court of Appeal in 2005, after the court determined the...
News Release
10/12/2009
CONTACT CONTACT: Carmen Balber, 202-629-3043
Consumer Regulator Must Oversee Credit Reports to Fulfill Obama’s Pledge Against Unfair Rate Hikes & Penalties   Washington, D.C. -- Congress must restore the ability of a proposed consumer financial regulator to oversee consumer credit reporting companies in order to fulfill President Obama’s pledge Friday that the new Agency...
News Release
9/30/2009
CONTACT CONTACT: Carmen Balber, 202-629-3043, or cell: 310-403-0284
Amendments Could Strip Proposed Agency’s Authority to Investigate Penalties on Credit Card Users Based on Where They Shop   Washington, D.C. -- A new financial regulator charged with consumer protection must have the authority to oversee the full range of credit practices, including moves by credit card companies to penalize consumers...
Blog Post
9/14/2009
Poste by Judy Dugan
Wells Fargo Bank made a big deal today of firing the senior vice president who allegedly moved into a $12 million Malibu beach house that was handed back to the bank by a family caught in the Bernie Madoff investment scam. Execs seemed ready to brush their hands of it and move on. Get real. It's like the army jailing a few enlisted soldiers for...
News Release
9/14/2009
CONTACT CONTACT: Carmen Balber, (202) 629-3043
WASHINGTON, D.C. -- The financial firms whose greed and reckless behavior wrecked the nation’s economy in the collapse that began a year ago this week now want to block the regulatory reforms that will prevent the next meltdown from happening, said Consumer Watchdog. Banks and their allies are spending millions on a public campaign to defeat...
Blog Post
4/13/2009
Posted by Judy Dugan
I read the news today, oh boy. Start with Goldman Sachs' first quarter profit of $1.8 billion, about twice what "analysts" thought it would be. Then add in the good Wall Street Journal roundup on the many creative ways that the big banks are gouging their customers, particularly with stratospheric credit card fees. It's usury and robbery...
Blog Post
4/2/2009
posted by Doug Heller
Last night's FRONTLINE TV program on PBS about America's broken healthcare system was outstanding and is worth watching whether you're a concerned citizen or the head of the Senate Finance Committee... Fortunately, it's available online. Click here to watch it.
Blog Post
3/31/2009
Posted by Judy Dugan
Sen. Bernie Sanders of Vermont, introducing a bill last week to cap credit card interest rates at 15%, quotes Dante and the Bible to make his point about the current situation: Let’s be clear.  At a time when many Americans in the collapsing middle class use credit cards for groceries, gas and college expenses, what Wall Street and...
News Release
1/8/2009
CONTACT CONTACT: Jerry Flanagan, (310) 889-4912
Santa Monica, CA -- Consumer Watchdog released the following statement regarding the California Supreme Court's ruling today on the issue of "balance billing" in Prospect Medical Group v. Northridge Emergency Medical Group. "The high court's unanimous decision sends a clear message that patients can't be asked to pay more when...
Blog Post
3/12/2008
Posted by Carmen Balber
My doctor’s office made a new, and pretty scary, request this morning. It was a routine visit, and when I paid my co-pay (and an odd 55 cent balance left over from last time) they gave me another form to sign. It informed me that, in order to reduce paper use and costs, the office was going to begin automatically billing my credit card,...