Recent CalCAA.org News and Updates

Bank of America Ordered to Pay Over $500 Million for Deceptive Billings for its Identify Theft Protection Products (Posted: 04.09.14)

FOR IMMEDIATE RELEASE April 9, 2014 Contact: Bryan Hubbard (202) 649-6870 OCC Assesses $25 Million Penalty Against Bank of America, N.A. and FIA Card Services, N.A.; Orders $459.5 Million in Restitution to Customers for Unfair Billing Practices WASHINGTON – The Office of the Comptroller of the Currency (OCC) today assessed a $25 million penalty against […]

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Consumer Groups Call Insurer “Price Optimization” Unfair and Discriminatory (Posted 04.02.14)

Insurance Commissioners Should Bar Industry Practice of Raising Rates on Customers Based on Shopping Habits Consumer Groups Call Insurer “Price Optimization” Unfair and Discriminatory and Demand an Immediate Ban Orlando, Florida (Monday, March 31, 2014) – At a gathering of the nation’s insurance commissioners in Florida, consumer groups called upon regulators to stop insurance companies […]

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Most payday loan borrowers get stuck in ‘revolving door of debt’ (Posted: 03.25.14)

www.latimes.com/business/la-fi-payday-loans-20140325,0,3498643.story Most payday loan borrowers get stuck in ‘revolving door of debt’ The Consumer Financial Protection Bureau finds that 4 in 5 people who take out a short-term payday loan either roll it over or quickly take out another loan, incurring heavy interest costs. By Jim Puzzanghera 9:00 PM PDT, March 24, 2014 WASHINGTON — […]

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Six Indicted In Fraud Cases Related To Telemarketing Operations That Solicited Millions To Fund Fake Movies (Posted: Feb. 21, 2014)

This just in from the U.S. Department of Justice… Six Indicted In Fraud Cases Related To Telemarketing Operations That Solicited Millions to Fund Fake Movies FOR IMMEDIATE RELEASE February 20, 2014 LOS ANGELES – Four people were arrested today on federal fraud charges stemming from telemarketing operations that allegedly solicited investments in movies with false […]

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Got Consumer Scams? BBB Top 10 Scams in 2013 (Posted 02.19.14)

BBB Top Ten Scams of 2013 Medical Alert Scam – A new twist to the telemarketing scam hit 2013 hard. With promises of a “free” medical alert system, the scam targeted seniors and caretakers and claimed to be offering the system free of charge because a family member or friend had already paid for it. […]

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