Best Corporate Flip-Flop of 2011

January 1, 2012 Off By administrator

Best Corporate Flip-Flop of 2011
News from Foundation for Taxpayer and Consumer Rights:

It was a shocking figure. Some Blue Shield policyholders were going to pay rate increases of 86%. Consumer Watchdog, together with nurses and patients, showed up at Blue Shield’s headquarters in San Francisco to protest the greed that could lead to such an attempted rip-off.

As we arrived, Blue Shield announced they were delaying the intended hike and a few weeks later they decided to withdraw it altogether. The insurance giant eventually refunded an additional half-billion dollars to customers in response to the public’s outrage.

When Consumer Watchdog takes on big health insurance companies, we save policyholders millions of dollars. But we can’t do it without you.

There are only 72 hours left for us to reach our 2011 fundraising goal. Will you support our efforts by making a year-end tax-deductible contribution to Consume…………… continues on Foundation for Taxpayer and Consumer Rights

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Consumer protection made big gains in 2011
News from Los Angeles Times:

The last year was a remarkable one for consumer protection.

Among the wins: A new watchdog agency opened for business, regulators cracked down on a controversial merger and a major bank retreated from a dubious fee.

But there’s still plenty of heavy lifting to be done as the economy trudges back to higher ground. Consumers and corporations will continue to tussle for the upper hand amid a shifting regulatory and political landscape.

“There are definitely a number of hurdles for us to get over,” said Sally Greenberg, executive director of the National Consumers League in Washington. “We have a tough year ahead.”

New sheriff in town

The biggest consumer news of 2011 was the July arrival of the Consumer Financial Protection Bureau. That’s the agency President Obama created…………… continues on Los Angeles Times

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