Government
Oct. 5, 2017
New state anti-fraud law to face legal challenges
The Consumer Attorneys of California got a long-sought win on an arbitration bill on Wednesday when Gov. Jerry Brown signed SB 33. But the new law may also need to win in court.
SACRAMENTO — The Consumer Attorneys of California got a long-sought win on an arbitration bill on Wednesday when Gov. Jerry Brown signed SB 33. But the new law may also need to win in court.
The law invalidates arbitration agreements by financial institutions when customers can show the company engaged in fraud.
Known around the Capitol as “the Wells Fargo bill,” SB 33 was inspired by reports tha...
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