AB 125 – Chapter 24 – Ins. Code §§1758.96 & 1758.992 Effective on May 10, 2011 (Urgency Bill) Summary: Clarifies that insurance deductibles may be covered by GAP insurance, expands the types of vehicles that can be covered by GAP insurance, and clarifies the role of “waiver” clauses. Background: When a car is totaled in…
This new law establishes a misdemeanor penalty for repair dealers who fail to properly repair and restore an airbag to its original condition after preparing a written estimate. Background: At least 30,000 car repairs are performed each year where a deployed airbag is not replaced. Nationally, 20% of all deaths in crashes caused by an…
No, airfares did not just jump. New FTC rules just went into effect, requiring tax and other fees to be included. No more “bait and switch” ads of $9 fares to Europe. Other rules now in effect: 1) no payment necessary for 24 hour hold on reservations, 2) 24 hour no fee cancellations, and 3)…
The US Supreme Court ruled today that the government cannot install GPS on a car without a warrant. Car dealerships have been known to install tracking devices on cars that consumers don’t know about. This is likely now a violation of the consumers right to privacy. If you have experienced a dealership installing GPS or…
Bank of America Corp. (BAC) will pay a record $335 million to compensate Countrywide Financial Corp. borrowers who were charged more for home loans based on race and national origin. Countrywide, acquired by Bank of America in 2008, assessed higher fees and interest rates to more than 200,000 black and Hispanic borrowers, the U.S. Department…
AmeriCredit is reporting thousands of California consumers to the Credit Bureaus (Experian, Trans Union, etc) for “deficiency” amounts on repossessed family cars. There’s just one problem: this money may not be owed! The Hanson Law Firm has filed a new case in federal court alleging that AmeriCredit is forcing consumers to either pay a debt…
Merchants can’t ask you for your ZIP code or any other identifying information that they then record when you are using credit cards for purchase. The Song Beverly Credit Card Act of 1971 prohibits retailers from requesting and recording customer’s “personal identification information” during a transaction, and imposes statutory damages of up to $1,000 per…
Bank of America has decided to stop requiring its customers to resolve their disputes in the unfair system of forced arbitration. Forced arbitration clauses – which are buried in the fine print of everything from credit card terms and employee handbooks to nursing home admissions forms – eliminate consumers’ access to the courts and require…
We are receiving calls from consumers, who state that when you call Monaco you now get a recording stating that they have filed for Bankruptcy. Share your thoughts and experiences.
