Los Angeles’s city attorney has joined his counterpart in San Francisco and the state attorney general’s office in relying on California’s unusually broad Unfair Competition Law to target financial services companies including American Express, JPMorgan Chase & Co. and Wells Fargo & Co.
Los Angeles City Attorney Mike Feuer is following the lead of San Francisco City Attorney Dennis Herrera, who has long used California’s Great Depression-era statute since taking office 14 years ago in lawsuits filed against landlords, payday lenders and insurance companies.
California’s unfair business practices act (Calif. Bus. & Profs. Code Section 17200 et seq.,) is much ...
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